Day: November 9, 2022
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes have broken through the 200-day Moving Average and are now below it, which indicates possible development of a downtrend. However, the RSI is nearing the oversold area. As a result, we should currently expect a bounce off 5/8 (145.31) and growth to the resistance level […]
XAUUSD, “Gold vs US Dollar” Near the resistance level, gold has formed a Hanging Man reversal pattern. Currently, if the pair goes by the signal, it may result in another correctional wave. The goal of the pullback will be 1690.00. Upon testing the support level, the price may bounce off it and continue the uptrend. […]
Tesla Under Pressure Shares in Tesla have come under fresh selling pressure this week. Initially sales were linked to news that Tesla was recalling around 40,000 electric vehicles in the US due to a power-steering problem. However, bearish sentiment intensified midweek on news that Elon Musk has offloaded another round of shares. Musk Sells More […]
Technical & Trade View US Dollar Index Futures Consider 109 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 111.30 Technicals Primary resistance is 111.30 Primary pattern objective is 107.75 Acceptance below 109 next pattern confirmation Acceptance above 111.50 opens a test of 112.20 20 Day VWAP bearish , 5 Day VWAP bearish Notes […]
EURUSD, “Euro vs US Dollar” The currency pair has broken through 1.0040 upwards and continues developing a structure of growth to 1.0114. After this level is reached, a link of decline to 1.0040 is not excluded, followed by growth to 1.0160. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has winded up correction […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the broken border of the channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.1445 is expected, followed by growth to 1.1955. An additional signal confirming the growth will be a […]
8 Key Factors that Affect Forex Rates Foreign exchange market is the global market place for exchanging national currencies. Exchange rates are simply the value of one currency in comparison to another and the rate at which each currency can be traded is affect by many factors and have to be considered in every successful […]
Fresh Wave of Selling You’ve got to feel sorry for bitcoin bulls. After months of sideways action hopes of a rally were dashed as the leading digital coin broke down to fresh 2022 lows again this week. Now trading at its lowest levels since December 2020, BTC has dropped by roughly 65% this year and […]
Red Wave to Red Ripple? Counting for the US midterm elections has begun and as the initial results filter in we are seeing the Republican party closing in on winning the House, while the Senate looks far more evenly contested and Democrats are still in the lead currently. Looking at state elections, it is worth […]
On the crypto market, optimists are shedding blood, and not for the first day in a row. The BTC has dropped to 18,135 USD. The leading cryptocurrency lost 8% overnight and more than 11% over a week. Other crytocurrencies also dropped over the week: the XRP (-18%), ETH (-20%), DOGE (-38%), SOL (-42%). Meanwhile, demand […]
