Market Analysis: NZD/USD Starts Recovery, Key Hurdles Ahead
NZD/USD is also rising and could aim for a move above 0.5900 in the short term.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is slowly moving higher above 0.5830.
- There is a major bearish trend line forming with resistance at 0.5870 on the hourly chart of NZD/USD.
NZD/USD Technical...
Market Analysis: AUD/USD Starts Recovery, Key Hurdles Ahead
AUD/USD is attempting a fresh increase from 0.6415.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support at 0.6415 and moved higher against the US Dollar.
- There was a break above a key bearish trend line with resistance at 0.6440 on the hourly chart of AUD/USD.
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US Dollar Index (DXY) Rises Ahead of Fed Chair’s Speech
On Monday, we:
→ noted that the US Dollar Index (DXY) was consolidating at the start of a week packed with key events;
→ outlined a descending channel (shown in red);
→ highlighted that the price was trading around the channel’s median line, signalling a balanced market;
→ suggested that a test of one...
FTSE 100 Index Closes at an All-Time High
Earlier, when analysing the chart of the UK’s FTSE 100 stock index, we outlined an ascending channel and anticipated a scenario with a continued upward trend and an attempt to establish a new historical high.
Since then:
→ The index has risen by almost 5%. The channel structure has shifted slightly, but not...
Palantir Technologies (PLTR) Shares Plunge Below $150
Shares of Palantir Technologies (PLTR), a company specialising in big data analytics software, delivered an unpleasant surprise to investors:
→ just last week, the stock was trading at its all-time high of around $190;
→ yesterday, the price collapsed below $150. At yesterday’s intraday low, PLTR stock had...
NZD/USD Holds Near Four-Month Low
As today’s NZD/USD chart shows, the pair is trading near a four-month low following a sharp decline. The drop occurred yesterday after the Reserve Bank of New Zealand cut the official cash rate by 25 basis points to a three-year low of 3.0% and indicated that the rate could fall further to 2.55% by May 2026.
According to...
What Are Autoregressive Models in Trading?
Autoregressive (AR) models help traders analyse market movements by identifying statistical relationships in historical price data. These models assume that past values influence current prices, making them useful for spotting trends and price behaviour. This article explores “What is autoregression?”, how AR models...
Coinbase (COIN) shares fall to a 2-month low
According to the chart of Coinbase Global (COIN), the stock price of the cryptocurrency exchange is sliding towards the $295 level, a 2-month low.
It is worth recalling that last month we reported that COIN stock had surged to an all-time high around $400. At that time, we:
→ highlighted the long-term grey channel...
Nasdaq 100 Analysis: Tech Stocks Face Sell-Offs
As the chart shows, the Nasdaq 100 index fell by approximately 1.6% yesterday.
According to media reports, bearish sentiment has been fuelled by the approach of key events:
→ the release of the FOMC meeting minutes (today at 21:00 GMT+3);
→ Jerome Powell’s speech at the Jackson Hole symposium on Friday. Market...
Market Analysis: USD/JPY Aims Fresh Surge
USD/JPY is rising and might gain pace above 148.20.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY climbed higher above the 147.00 and 147.40 levels.
- There is a major bearish trend line forming with resistance at 147.70 on the hourly chart.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY...
Market Analysis: EUR/USD Dips Again
EUR/USD declined from 1.1720 and traded below 1.1650.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a fresh decline after a decent move above 1.1680.
- There was a break below a key bullish trend line with support at 1.1650 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
On the hourly...
Meta Platforms (META) Shares Decline Amid AI Concerns
Shares of US tech giant Meta Platforms (META) fell by around 3% after media reports revealed that the company plans to reorganise its artificial intelligence operations for the fourth time in six months. The news has raised investor concerns over whether Meta’s AI strategy is on the right track.
Meanwhile,...
XBR/USD Chart Analysis: Brent Crude Nears Its Lowest Level Since Early Summer
According to the XBR/USD chart, this morning (19 August) Brent crude oil price is showing bearish momentum, moving towards its lowest level since early summer (set last week). The key bearish drivers in the market include:
→ OPEC+ policy aimed at increasing production;
→ expectations...
What Is an Iceberg Order, and How May It Be Used in Trading?
An iceberg order is a type of execution strategy that hides the full size of a trade by revealing only small portions at a time. Used by institutions and large traders, it helps reduce market impact. Understanding how iceberg orders work, where they’re used, and their risks can help traders more...
US Dollar Index (DXY) in Balance Ahead of Key Events
In our previous analysis of the US Dollar Index (DXY), we:
→ outlined a descending channel (red) based on a sequence of lower highs and lows;
→ anticipated a move towards the median line of this channel.
As of 18 August, the DXY is trading around the median of the channel and is forming a contracting triangle...
Market Analysis: EUR/GBP Attempts to Find Support
EUR/GBP declined and is now consolidating losses above 0.8600.
Important Takeaways for EUR/GBP Analysis Today
- The British Pound is attempting a fresh increase above 1.3500.
- There is a key bullish trend line forming with support near 1.3550 on the hourly chart of GBP/USD.
EUR/GBP Technical Analysis
...
Market Analysis: GBP/USD Pushes Higher
GBP/USD is showing strength above 1.3450 and 1.3500.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.3500.
- There is a key bullish trend line forming with support near 1.3550 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
On the hourly chart...
Intel (INTC) Stock Price Rises 7% Amid White House Rumours
Intel (INTC) stock price surged more than 7% yesterday, making it the top performer in the S&P 500 index. The rally came on the back of a report in Barron’s stating that the US government is in talks to acquire a stake in Intel:
→ Intel declined to comment on Barron's report.
→ White House spokesperson...
