Day: January 17, 2022
XAUUSD, “Gold vs US Dollar” As we can see in the daily chart, XAUUSD is forming another rising wave within the uptrend after convergence on MACD; the previous wave has tested 50.0% fibo. In this case, the pair is expected to continue the uptrend to reach 61.8% and 76.0% fibo at 1908.00 and 1969.50 respectively. […]
EURUSD, “Euro vs US Dollar” Having finished the descending structure and reached the short-term target at 1.1414, EURUSD is expected to continue the correction to reach 1.1390. Possibly, today the pair may return to test 1.1436 from below and then complete the correction by falling towards 1.1390. Later, the market may resume trading upwards with […]
TheDollar managed to gain a foothold after touching 100-day SMA on Friday, but onMonday the recovery was difficult – the dollar index dangled near the week’s opening:Sellershave broken the uptrend that has lasted since June 2021, so ongoing correctionmay take place in several stages. The main resistance in the index, where awave of sales may […]
GBJPY In Holding PatternGBPJPY price action is starting to look very interesting here. Price is has been sitting in a tight range just under the 157.88 highs over the last week. While there are clear double-top risks, given the strength of the recent rally, and with the retail market still overwhelmingly short here, I’m looking […]
The Caribbean country expects a nationwide CBDC rollout by the end of the first quarter of 2022. 1157 Total views 34 Total shares Central bank digital currency (CBDC) evolved into a hot topic in Jamaica when the country’s central bank successfully completed the first pilot test in early January. Following the tests, the country’s prime […]
Bitcoin (BTC) starts a new week facing multiple hurdles but with strong internal support — can old resistance below $50,000 finally fall? A correction event now almost in its third month is frustrating many, but conditions may soon be right for a fresh charge against opportunistic bears, an increasing number of analysts are saying. With […]
EURUSD stopped growing; the statistics failed the “greenback”. The major currency pair is rather neutral early in the week. The current quote for the instrument is 1.1426. The statistics published by the US were disappointing. It seems like the Omikron strain together with surging inflation penetrated the country’s economy and financial system much deeper […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1413; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1375 and then resume moving upwards to reach 1.1560. Another signal in favour of a further uptrend will be […]
