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GBP/USD Fundamental and Technical Analysis for 28 September 2023 Subtitle: GBP/USD remains under pressure as the US dollar continues to strengthen against a basket of major currencies. Technical indicators on the 30-minute, 4-hour, and daily charts suggest that further downside is likely in the near term. Fundamental Analysis: The British pound has been...

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USD/CAD Fundamental and Technical Analysis for 28 September 2023 Fundamental Analysis The Canadian dollar has been under pressure in recent weeks, falling to its lowest level against the US dollar in over two years. This is due to a number of factors, including: Higher US interest rates: The Federal Reserve has been raising interest rates aggressively in an...

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Key fundamental factors to watch for in the AUD/JPY currency pair: Australian economic data: The AUD is sensitive to data releases such as GDP growth, unemployment rate, and retail sales. Positive economic data releases tend to boost the AUD, while negative data releases tend to weigh on the currency. Japanese economic data: The JPY is sensitive to data releases...

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Technical analysis Elliot Wave Theory perspective - the price is in a small corrective uptrend, as marked in the chart. Don't get too hyped on this and remember, the market is unpredictable, but for now I will mark this as LONG, for a short time. On the 30-minute chart, the EUR/USD currency pair is currently trading in a range between 1.0685 and 1.0695. The...

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Technical analysis The price is currently in a downtrend, please see the chart marks and the technical explanation below. 30-minute chart On the 30-minute chart, USD/CAD is currently in a downtrend. The price is below the 200-period moving average, and the relative strength index (RSI) is below 50. This suggests that momentum is to the downside. 4-hour...

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AUD/JPY currency pair is trading at around the marked levels. Please read the analysis on the chart, as well as the explanations in the comments. Thank you. Technical Analysis: On the 30-minute chart, the AUD/JPY currency pair is trading in a bullish trend. The price is above the 50-period and 200-period simple moving averages. The MACD indicator is also...

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My first analysis about the JXY. It will be done periodically from now on to keep a fresh perspective over one of the most important currencies in the world. The Japanese Currency Index (JXY) is a stock market index that measures the performance of the Japanese yen against a basket of six other major currencies: the US dollar, the euro, the British pound, the...

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The Euro Currency Index is following the price action that I talked about in my last analysis. For now, not big changes when it comes to technical analysis. Technical analysis On the 30-minute chart, EXY is trading in a descending channel. This suggests that the bears are in control and that the index is likely to continue to decline in the short term. The next...

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On a smaller timeframe, the DXY price direction is still not fully decided. According to the current analysis, we are currently in a Wave 4. The price will correct on the downside soon. I marked 3 potential levels where it can retrace. It is not mandatory for the price to touch them all, however, the price can go even lower than the marked levels - it's all up to...

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Unity Software Inc. (U) is a leading provider of real-time 3D development tools. The company's platform is used by game developers, artists, architects, and other creative professionals to create interactive experiences. Fundamental Analysis The fundamental analysis of U stock is positive. The company is growing rapidly, and its financials are strong. U is also...

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The US Dollar Index (DXY) is a measure of the value of the US dollar against a basket of currencies. It is a popular tool for traders and investors who want to track the strength of the US dollar and its impact on the global economy. Technical Analysis The DXY chart is currently in a bullish trend. The price has been rising since the beginning of the month and...

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The VIX, or Volatility Index, is a measure of the expected volatility of the S&P 500 index over the next 30 days. It is calculated using the prices of options on the S&P 500 index. A higher VIX indicates that market participants are expecting more volatility in the future, while a lower VIX indicates that they are expecting less volatility. The VIX is an...

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The AUD/JPY pair is trading in a sideways range on the 30-minute chart, with the price currently consolidating between the 94.20 and 94.40 levels. The pair has been trading in this range for the past few days, and it is unclear which way it will break out. Fundamental Analysis The fundamental factors that are affecting the AUD/JPY pair include the...

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Technically, the NVDA stock chart is showing signs of a potential breakout. The stock has been consolidating in a range between $450 and $480 for the past few months. A break above the $480 level could open the door to further gains. Here are some key technical indicators for NVDA: The 50-day moving average is rising, which is a bullish signal. The relative...

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GBP/USD Fundamental and Technical Analysis (FTA) The GBP/USD price is found in a narrow range of 1.2490-05 on September 7, 2023, staying close to the June lows. On the hourly chart, the GBP/USD is still trading below the MA (200) H1 (1.2615) moving average line. The situation is similar on the four-hour chart. On the 30 min chart, see the mentions on the...

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EUR/USD Technical and Fundamental Analysis (TFA) ---Fundamental Analysis From a fundamental perspective, the EUR/USD is facing some headwinds. The European economy is slowing down, and the ECB is expected to keep interest rates low for the foreseeable future. The US economy is growing at a faster pace, and the Fed is expected to raise interest rates in the...

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In the past update, I mentioned that if the price goes above the 1.29818, a long position has to be taken into consideration. However, if the price breaks the 1.28215 on the downside, then it will continue to drop until the other levels that I marked at the beginning of August. For now, all the price levels have been touched. GBP/USD is trading below the...

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The price unfolds as previously forecasted. Currently we finished 5 subwaves in the upside that formed the corrective Wave A, as part of the Wave 4 from the bigger 5 Waves on the downside now. We will expect the corrective Wave 4 to continue to unfold, before we can say for sure that the Wave 5 impulse started on the downside! See the chart for a more clear...