Technical Analysis
On the 4-hour timeframe, the EUR/USD pair has approached a significant support level at the base of its long-term ascending trendline, rekindling buying interest.
The recent breakout above the Ichimoku Kumo cloud signals an emerging bullish bias, which has encouraged further buying activity. The pair is currently testing the 23.6% Fibonacci...
Technical Analysis
On the 4-hour chart, the Nasdaq-100 is flexing its muscles, maintaining bullish momentum and hitting its initial target at 20,625.79. This breakout underscores a strong trend, showing the market's appetite for pushing higher. The index is trading above both its short-term (20,348.36) and long-term (20,439.23) moving averages—a solid uptrend...
Technical Analysis
In the 1-hour timeframe, the USD/JPY pair shows bullish momentum as the dollar continues to strengthen against the yen. The breakout above the triangle pattern at 153.133 signals renewed buyer interest and increased upward pressure, pushing the pair towards its recent high of 153.370. A decisive break above this level would further open the...
Technical Analysis
In the 4-hour timeframe, USD/CHF maintains a primary bullish trend that began on September 30. After a brief pause last week, buyers resumed their push higher, breaking the resistance at 0.86634. The price subsequently cleared additional resistance levels at 0.86685 and 0.86750, reinforcing the upward movement. Immediate targets for the pair...
Technical Analysis
The USD/CAD pair remains in bullish territory, with buyers pushing the price higher amid a supportive backdrop of falling oil prices and expectations of a dovish BoC. A decisive move above 1.38190 could pave the way for further gains, while a break below 1.37970 would signal a shift in momentum. Market participants should stay alert to upcoming...
Technical Analysis
The EUR/JPY pair is trading within a triangle pattern on the hourly chart, with sellers currently pushing the price lower after a reversal from the upper boundary of the triangle. At present, the price has reached the first significant support level at 162.889. If the sellers succeed in breaking below this level, further downside targets are...
Technical Analysis
In the hourly chart, silver ERRANTE:XAGUSD has shown bullish momentum, managing to fill the opening gap during the European session and breaking above the key resistance at $31.298. The bounce from $30.893 reflects solid support at this level, highlighting a firm foundation for further upside movement.
If the current upward trend continues,...
In the daily time frame, ERRANTE:NZDUSD has entered a corrective phase following a significant uptrend that began in mid-July. After climbing steadily, the pair is now showing signs of weakness, as sellers attempt to capitalize on the recent reversal.
The ERRANTE:NZDUSD pair is facing strong selling pressure as the US dollar gains strength, with sellers...
Market Overview
CHF/JPY is facing downward pressure as demand for the Japanese yen rises, coupled with the Swiss National Bank’s decision to cut interest rates to 1%. The Swiss franc has lost some of its allure as a safe-haven currency, while the yen is gaining traction due to increased risk aversion in the market.
Technical Analysis
CHF/JPY has reached a key...
Following another rate cut from SNB, the four-month downtrend in ERRANTE:CADCHF CAD/CHF appears to be undergoing a corrective rebound, supported by these fundamental shifts.
Technical Outlook
ERRANTE:CADCHF CAD/CHF is poised for further upside if buyers can successfully break above 0.62997, with potential targets at 0.63444 and 0.63664. However, failure to...
ERRANTE:XPDUSD Palladium remains under heavy selling pressure following the break of a key uptrend, with market participants increasingly cautious due to oversupply and weaker demand from critical industries.
Technical Outlook
While the technical setup points to further downside potential, a clear break below 1027.29 would confirm this bearish view. Should...
Market Overview
The ERRANTE:AUDJPY pair is currently positioned for a continued upward movement, fueled by optimism over China's economic recovery and broader risk appetite in global markets. Technical indicators support the bullish outlook, but buyers will need to clear key resistance levels to sustain the rally. Meanwhile, upcoming inflation data from...
ERRANTE:EURJPY faces selling pressure below 161.185, with technical indicators suggesting a correction is imminent. The pair has been in an upward trend since mid-September, but signs of waning momentum are emerging. The compression of Bollinger Bands and RSI divergence signal that buyers are struggling to maintain control. A break below the 160.359 support...
The Bank of England is expected to hold rates at 5.00%, with a vote split potentially influencing sterling and gilt yields. The vote split is key for sterling, with a closer result likely weighing on the currency. Despite potential risks, sterling remains a favored currency, reflecting positive market sentiment since the July U.K. election.
Technical Outlook
On...
The ERRANTE:UK100 has faced selling pressure as investors lock in profits. This comes as inflation in the UK nears the central bank's target level, prompting expectations that the Bank of England will keep interest rates steady at 5%. The combination of stable rates and profit-taking from shareholders has contributed to a correction in the ERRANTE:UK100 after...
