Technical Outlook
The NZD/USD pair has resumed its downtrend following a brief consolidation phase. Sellers have aggressively pushed the pair toward the most recent low at 0.58217. A confirmed break below this level could open the door for further declines, with immediate support targets at 0.58177, 0.58126, and the psychological threshold of 0.58070.
The...
Technical Analysis
The S&P 500 cash index, depicted on its daily chart, has extended its record-breaking trajectory by decisively breaching the prior resistance level of 6,031.24. This movement has prolonged the established bullish trend, guiding prices towards a critical resistance level at 6,110.21, corresponding with the 141.40% Fibonacci extension. A...
Technical Analysis
The GBP/AUD pair currently exhibits a downside bias, underpinned by the confirmed head and shoulders pattern. If buyers fail to overcome resistance at 1.95451, further declines towards the outlined support levels are likely.
Key Events to Watch
While Tuesday does not feature any major scheduled events specifically impacting GBP/AUD, market...
Technical Analysis
On the four-hour chart, EUR/AUD is currently fluctuating between the key resistance level at 1.62219 and the support level at 1.61695. Sellers are attempting to push the price below this critical support level. If they succeed, it could lead to further declines, targeting the next support levels at 1.61322, 1.61127, and eventually 1.60847.
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Market Overview
On Wednesday, 27th November 2024, CAD/CHF found itself under significant bearish pressure, primarily driven by contrasting economic developments in Canada and Switzerland.
Technical Analysis
From a technical perspective, the daily chart of CAD/CHF reveals bearish momentum taking over after price bounced off a mid-term descending trendline. Price...
Technical Analysis
In the hourly timeframe, gold's decline from the higher €2600 range to current levels around €2499.52 has been pronounced. The downtrend is confirmed by strong selling pressure, with the price breaking below the 100-period weighted moving average (WMA). Gold remains firmly within the lower half of the Bollinger Bands, suggesting persistent...
