USD/JPY rose to 159.40 on Friday, with the Japanese yen surrendering all the gains accumulated since the beginning of this week. Pressure intensified following comments from Bank of Japan Governor Kazuo Ueda, who failed to provide clear guidance on rates ahead of the next meeting. Ueda noted that the regulator must balance rising inflation against…
Welcome to today’s Market Blast. Today we will take a look at Forex Trading on NZD/USD, EUR/CAD, USD/CAD, the Russell 2000, the DJIA, the S&P500, and the NASDAQ. Just a reminder that these videos are only an observation of current market conditions, and these are not to be considered as trading advice. Don’t forget to…
The market narrative is shifting from chasing the risk rally to waiting for confirmation. After a sustained push higher driven by optimism around US-Iran negotiations, investors are becoming more cautious ahead of a critical weekend. The rally remains intact, but the willingness to extend positions without new information is fading. US equities pushed to fresh…
The NZD/USD is currently facing its sternest technical test at the 0.5918–0.5920 resistance zone The Daily chart suggests a potential long-term trend shift, but the H4 RSI shows bearish divergence, signaling short-term exhaustion. A clean break above 0.5920 would accelerate the move toward 0.5950. Inability to hold the level, followed by a break below 0.5873,…
NASDAQ is rallying on more than just optimism—it’s being powered by fundamentals. The index surged to a fresh record high this week as markets increasingly price in a resolution to Middle East tensions that would bring oil price back to pre-war levels, while at the same time embracing a renewed wave of confidence in the…
Bitcoin price edged lower after the acceleration in past three days broke above Fibo level at 74375 (38.2% of 97946/59805) and cracked strong barriers at 74575/74775 (daily cloud top / 100DMA). Fresh optimism about solution for the Middle East conflict revived risk appetite and underpinned bitcoin, with predominantly bullish daily studies (strong positive momentum /…
Daily Pivots: (S1) 0.7131; (P) 0.7154; (R1) 0.7194; More… AUD/USD’s break of 0.7187 high suggests that larger up trend is possibly resuming. Intraday bias stays on the upside for 61.8% projection of 0.6420 to 0.7187 from 0.6832 at 0.7306. Decisive break there could prompt upside acceleration to 100% projection at 0.7599. On the downside, below…
Daily Pivots: (S1) 158.67; (P) 158.95; (R1) 159.26; More… USD/JPY is still extending the consolidation pattern from 160.45 and intraday bias remains neutral. Outlook will stay bullish as long as 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at 157.31) holds. On the upside break of 160.45 will target a retest on 161.94 high….
Daily Pivots: (S1) 1.6405; (P) 1.6493; (R1) 1.6544; More… EUR/AUD’s fall from 1.6842 continues today and intraday bias stays on the downside for retesting 1.6125 low. Firm break there will resume whole down trend from 1.8554 to 1.5913 fibonacci level next. For now, risk will stay on the downside as long as 1.6667 resistance holds,…
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…