ETHUSD jumps over 5%, eyes mediumterm downtrend line resistance Reclaims close above the 20 and 50day SMAs Momentum improves but still lacks strong followthrough Ether (ETHUSD) is edging higher, trading above 2,250 for the first time since March 18, and is now eyeing resistance at a mediumterm descending trendline just overhead. A break higher would
European currencies strengthened against the US dollar as markets reacted to reports of a temporary ceasefire agreement between Washington and Tehran. The reduction in geopolitical risk has shifted sentiment, weakening demand for so-called defensive assets and encouraging flows into higher-risk currencies, particularly across developed markets. At the same time, falling oil prices added to the
The British pound edged higher against the US dollar on Thursday, retaining most of the gains recorded in the previous session following a ceasefire agreement between the United States and Iran. However, uncertainty surrounding the durability of the deal limited further upside in sterling. The pound was last trading 0.1% higher at $1.3407, remaining well
Given the clear daily uptrend and the strong daily uptrend, EURJPY currency pair can be expected to rise to the next resistance level 186.00 (which stopped earlier waves (5) and B)). EURJPY broke resistance area Likely to rise to resistance level 186.00 EURJPY currency pair recently broke the resistance area between the resistance level
Unless U.S. President Trump extends his ultimatum to Iran once again, the conflict with Iran is likely to escalate further in the coming hours and days. Iran does not appear willing to comply with the U.S. demand to open the Strait of Hormuz. According to the latest news, the Iranian government has even responded by
AUD/USD has moved higher, breaking above the 0.6970 and 0.7000 levels, while NZD/USD is also advancing and may target further gains beyond 0.5850. Key Points The Australian dollar has strengthened steadily against the US dollar, reclaiming the 0.7000 level. AUD/USD broke above an ascending channel resistance near 0.6960 on the hourly chart. NZD/USD is holding
Given the strength of the resistance level 105.00, overbought daily Stochastic and the strongly bearish sentiment across on the crude oil markets on the USA-Iran peace talks , WTI crude oil can be expected to fall to the next support level 83.50 (low of the previous correction 2). WTI crude oil broke daily Triangle
US-Iran ceasefire boosts gold and stocks as falling oil prices weaken the dollar and ease global inflation-driven interest rate fears. Geopolitical De-escalation and the Resurgence of Risk The sudden announcement of a two-week ceasefire between the United States and Iran has fundamentally rewritten the market narrative, sparking a powerful “risk-on” rally across global exchanges. By
The Indian rupee was poised to strengthen on Wednesday after a two-week ceasefire agreed between Iran and the US triggered a sharp fall in oil prices and lifted risk sentiment across Asian markets. The truce prompted the reopening of the Strait of Hormuz and offered oil-importing India a significant measure of relief after weeks of
The pound rose on Friday after the United States and Iran agreed to a two-week ceasefire. The ceasefire sparked optimism across financial markets, particularly as oil prices declined sharply, easing concerns around inflationary pressures. Sterling rose 1% on the day to trade at $1.342, marking its highest level since March 23. The currency is now