Here are the Top Market Analysis for the 26th of September, 2023.

Currencies (Forex – FX)

• EUR/USD: The EUR/USD currency pair is currently trading in a range between 1.0607 and 1.0676. The bulls are trying to break above the resistance level at 1.0676, but the bears are pushing back. If the bulls can succeed in breaking above this level, we could see a move towards the next resistance level at 1.0720. However, if the bears take control of the market, we could see a breakdown of the support level at 1.0607, which could lead to a further decline in the EUR/USD currency pair.
• USD/JPY: The USD/JPY currency pair is currently trading at around 148.43. The bulls are trying to push the price higher, but the bears are defending the resistance level at 148.99. If the bulls can succeed in breaking above this level, we could see a move towards the next resistance level at 150.43. However, if the bears take control of the market, we could see a decline in the USD/JPY currency pair towards the support level at 147.46.
• GBP/USD: The GBP/USD currency pair is currently trading at around 1.1455. The bears are in control of the market and are trying to push the price lower. If the bears can succeed in breaking below the support level at 1.1410, we could see a move towards the next support level at 1.1365. However, if the bulls take control of the market, we could see a rebound in the GBP/USD currency pair towards the resistance level at 1.1510.
• AUD/USD: The AUD/USD currency pair is currently trading at around 0.6630. The bulls are trying to push the price higher, but the bears are defending the resistance level at 0.6700. If the bulls can succeed in breaking above this level, we could see a move towards the next resistance level at 0.6770. However, if the bears take control of the market, we could see a decline in the AUD/USD currency pair towards the support level at 0.6560.
• USD/CAD: The USD/CAD currency pair is currently trading at around 1.3110. The bears are in control of the market and are trying to push the price lower. If the bears can succeed in breaking below the support level at 1.3060, we could see a move towards the next support level at 1.2960. However, if the bulls take control of the market, we could see a rebound in the USD/CAD currency pair towards the resistance level at 1.3180.
• NZD/USD: The NZD/USD currency pair is trading in a neutral range between 0.6100 and 0.6300. The bulls need to break through the 0.6300 level in order to start a new uptrend. If the bears break through the 0.6100 level, they could test the support at 0.5900.

Commodities

• Corn: Corn is trading in a neutral range between $5.75 and $6.00. The bulls need to break through the $6.00 level in order to start a new uptrend. If the bears break through the $5.75 level, they could test the support at $5.50.
• Soybeans: Soybeans are trading in a bullish trend, with the next resistance level at $1300. The bulls need to sustain their pressure in order to break through this level and continue their rally. If the bears gain control of the market, they could test the support at $1280.
• Wheat: Wheat is trading in a neutral range between $580 and $600. The bulls need to break through the $600 level in order to start a new uptrend. If the bears break through the $580 level, they could test the support at $560.
• Crude Oil: Crude oil is trading in a bullish trend, with the next resistance level at $90.00. The bulls need to sustain their pressure in order to break through this level and continue their rally. If the bears gain control of the market, they could test the support at $88.00.
• Natural Gas: Natural gas is trading in a neutral range between $2.85 and $3.00. The bulls need to break through the $3.00 level in order to start a new uptrend. If the bears break through the $2.85 level, they could test the support at $2.70.

Indices

• S&P 500: The S&P 500 is trading in a bullish trend, with the next resistance level at 4200. The bulls need to sustain their pressure in order to break through this level and continue their rally. If the bears gain control of the market, they could test the support at 4100.
• Dow Jones Industrial Average: The Dow Jones Industrial Average is trading in a bullish trend, with the next resistance level at 34000. The bulls need to sustain their pressure in order to break through this level and continue their rally. If the bears gain control of the market, they could test the support at 33000.
• NASDAQ 100: The NASDAQ 100 is trading in a bullish trend, with the next resistance level at 14000. The bulls need to sustain their pressure in order to break through this level and continue their rally. If the bears gain control of the market, they could test the support at 13500.
• DAX: The DAX is trading in a neutral range between 13000 and 13500. The bulls need to break through the 13500 level in order to start a new uptrend. If the bears break through the 13000 level, they could test the support at 12500.
• FTSE 100: The FTSE 100 is trading in a neutral range between 7400 and 7500. The bulls need to break through the 7500 level in order to start a new uptrend. If the bears break through the 7400 level, they could test the support at 7300.
• CAC 40: The CAC 40 is trading in a neutral range between 6000 and 6100. The bulls need to break through the 6100 level in order to start a new uptrend. If the bears break through the 6000 level, they could test the support at 5900.
• Nikkei 225: The Nikkei 225 is trading in a bullish trend, with the next resistance level at 29000. The bulls need to sustain their pressure in order to break through this level and continue their rally. If the bears gain control of the market, they could test the support at 28000.
• Hang Seng Index: The Hang Seng Index is trading in a neutral range between 20000 and 21000. The bulls need to break through the 21000 level in order to start a new uptrend. If the bears break through the 20000 level, they could test the support at 19000.
• Kospi Composite Index: The Kospi Composite Index is trading in a bullish trend, with the next resistance level at 2700. The bulls need to sustain their pressure in order to break through this level and continue their rally. If the bears gain control of the market, they could test the support at 2600.

Current Factors Affecting the Markets and Events to Watch Out For

• US-China trade war: The US-China trade war is still ongoing, and could continue to weigh on the global economy and the forex market.
• Geopolitical developments, such as the Russia-Ukraine war
• Central bank monetary policy decisions
• The weather
• Changes in investor sentiment
• The adoption of cryptocurrencies by businesses and individuals is growing, but it is still in its early stages.