The AUD/USD pair has been showing signs of an upward movement, with the potential to rally if it manages to clear the resistance level of 0.6725. Starting from the support level of 0.6650, the Aussie Dollar has made a fresh increase, surpassing the resistance levels of 0.6680 and 0.6695 against the US Dollar. This positive
Technical Analysis
Japan’s Nikkei225 index has reached new highs, surpassing levels not seen since February 1990. The recent surge in the index has been attributed to several factors, including a significant drop in expectations that the Bank of Japan would unwind its ultra-soft monetary policy. Additionally, the aftermath of the 1 January earthquake and a slower growth
The USDJPY pair is currently aiming for a bullish breakout as it approaches Thursday’s US CPI data. Although momentum indicators suggest positive sentiment, caution should be exercised due to conflicting trend signals. On Tuesday, USDJPY found new buyers near its 20-day simple moving average (SMA) at 143.40, resulting in a mild positive close for the
BTCUSD recently experienced a significant rally, surpassing $45,000 and reaching a 21-month high at $47,282. The primary driving force behind this surge appears to be the market’s excitement surrounding the potential approval of a spot-Bitcoin ETF by the Securities and Exchange Commission (SEC). However, it is important to analyze the technical aspects of this rally
The US Nas 100 Index, which serves as a proxy for the Nasdaq 100 futures, has experienced a significant decline recently, approaching the upward-sloping 50-day moving average. However, there are indications that the downside momentum has started to ease. In this article, we will analyze the current state of the index and discuss the potential
The US 500 cash index has been experiencing a continuous downward trend, with its sixth consecutive red candle marking a negative start to 2024. This correction in the index may see further decline if the upcoming data releases on Friday disappoint market participants. It is worth noting that despite the correction, the US 500 index
The AUD/JPY currency pair experienced moderate gains on Wednesday, recording a 0.46% increase. However, it started Thursday’s session on a slightly lower note, trading below the previous day’s close of 96.42. Despite this, the pair has shown potential for further gains as buyers reclaim the Kijun-Sen and find support around the bottom of the Ichimoku
The price of silver (XAG/USD) has taken a sharp downturn, plunging to near $23.15 as investors seek safer assets in the early New York session. Market participants are rapidly abandoning the white metal, leading to a decline in its appeal. This sudden shift is primarily attributed to investors reevaluating their bets on early rate cuts
The Nasdaq 100 has long been outperforming the Dow Jones Industrial Average (DJIA) during the major uptrend phase. However, this trend seems to be changing as there has been a recent bullish rotation into the laggard, DJIA. This rotation is considered a positive breadth development for the US stock market. In this analysis, we will
The GBPUSD currency pair has recently experienced a surge in value, reaching a four-month peak. However, despite this positive momentum, it has also faced some setbacks along the way. Prior to its current upward trajectory, GBPUSD broke above a significant descending trendline in early November, signaling a potential shift in its overall performance. This bullish
Traders keeping a close eye on EURNZD have noticed the presence of incomplete bearish sequences in the cycle from the peak on August 21st. This has led to a bearish outlook for the pair, with a target of 1.7329 area. Traders have been advised to avoid buying and instead focus on short positions. A recent
Bitcoin’s price has experienced a resurgence following rumors of the approval of a spot ETF. The cryptocurrency broke out of a major declining channel on the 4-hour chart, surpassing the $43,000 resistance level. This bullish movement has signaled a potential upward trend. After breaking multiple hurdles, including the 100 simple moving average (red, 4 hours)