Day: January 16, 2023
The market major sticks to the peaks of April. The current quote is 1.0860. The USD remains stressed by the market expectations of the upcoming end of the tight monetary policy of the Federal Reserve System as long as inflation in the country is slowing down. After the December report on the CPI was published, […]
On Monday, the leading crypto has grown to 21,150 USD. Growth over the week amounted to 22.64%, the main part of this happening over the last four days. Since the beginning of the year, the BTC has grown by more than 28.00% – and this has happened on a low-liquid market. Buyers went through all […]
EURJPY Sitting on Key Level Price action in EURJPY is looking interesting here. The pair is currently sitting near the middle of the 133.27 – 147.75 range which has framed price action since Q2 last year. Over the last few months, EURJPY has been correcting lower, despite broad strength in EUR. Of late, JPY has […]
After falling last week by 2% to 101.80, the dollar index rebounded on Monday amid no visible bearish catalysts to push lower. The rebound could be also facilitated by the fact that the price has reached the lower bound of the bearish channel: From a technical point of view, upside USD correction after the significant […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are in the overbought area. A divergence has appeared on the RSI. As a result, a bounce off +1/8 (1.0864) is to happen, followed by falling to the support level of 7/8 (1.0620). The scenario can be cancelled by rising over the resistance level of +1/8 […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Hanging Man reversal pattern. The pair may now go by the signal in a correctional wave. The goal of the pullback might be 1.0800. However, the pair may grow to 1.0930, break through it, and continue the uptrend without […]
Type: Bearish continuation Key Levels:Resistance:26555Pivot:25960Support:25610 Preferred Case:Looking at the H4 chart, my overall bias for NKD1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 25610, where the previous swing low is. Alternative Scenario:Price […]
Muted Start For Metals on Back Of Last Week’s Gains The metals market is seeing a more tempered start to the week with both gold and silver futures under mild selling pressure across early European trading on Monday. Both metals saw decent buying last week though gold came off as the clear winner, gaining almost […]
How Hard Is It To Learn Forex? Forex, also known as foreign exchange or FX trading, is the buying and selling of one currency in exchange for another. It is one of the largest and most liquid financial markets in the world. To learn Forex trading can be challenging, as it involves understanding complex financial […]
EURUSD, “Euro vs US Dollar” The currency pair has reached the main goal of the wave of growth at 1.0871. Today a wave of decline to 1.0700 may begin. Then growth to 1.0800 and a decline to 1.0660 may follow, from where the trend might continue to 1.0480. GBPUSD, “Great Britain Pound vs US Dollar” […]
