Market Update & Analysis
The market experienced a significant decline during the morning session primarily due to recent geopolitical developments.
Statements made by Donald Trump regarding escalating tensions with Iran created uncertainty among investors. He indicated that if a ceasefire agreement is not reached within the next 2–3 weeks, the United States may proceed with military action.
This development increased fear and risk sentiment across global markets, leading to heavy selling pressure. As a result, the market reacted sharply and moved downward. �
Reuters
Due to the impact of such high-impact fundamental news, technical analysis tends to become less reliable. Market movements during these conditions are driven more by news and sentiment rather than technical indicators, which is why our signals were affected and hit stop loss (SL).
