Day: March 10, 2023
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0589. At the moment, a consolidation range is forming around this level. An escape downwards and further development of the wave to 1.0470 is expected. The target is local. After this level is reached, a link of growth to 1.0570 […]
We would like to start with some good news but we do not have any. By Friday, the BTC has dropped to 19,870 USD, breaking through the stop area directly down. Sales in the BTC sped up after the leading crypto broke through 21,350 USD. The inner tension is growing. It seems that this is […]
USDCHF, “US Dollar vs Swiss Franc” The USDCHF has secured under the lower border of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.9310 is expected, followed by falling to 0.9165. An additional signal confirming the decline will be a rebound […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, the EURUSD has formed an Inverted Hammer reversal pattern. The pair may now go by the reversal pattern in an ascending wave. The target of the growth might be 1.0615. However, the price might drop to 1.0535 and continue the downtrend without testing the […]
Brent On H4, the 200-day Moving Average has broken, and Brent quotes are now below it, which means they might develop a downtrend. However, the RSI has already reached the oversold area. As a result, we should expect a breakaway of 4/8 (81.25) upwards and growth of the price to the resistance level of 5/8 […]
The EURUSD got under pressure. The current quote is 1.0550. The reason was the comments made by Jerome Powell, the chairman of the US Federal Reserve System. Speaking before the Senate on Tuesday, he seemed to open the door for more noticeable increases in the interest rate at upcoming meetings. They are now discussing a […]
Brent oil is moving in a narrow range. The asset might potentially enter the supporting zone formed between levels 77.65 and 75.16 and located next to the weekly broken downtrend. The asset’s price is likely to pull from this downtrend and jump. So, let’s observe what will happen next. Currently, Bitcoin is targeting the supporting […]
Oil Traders Cut Longs The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions again last week. Total upside exposure was cut from 243k contracts to 224k contracts. This marks the second consecutive weekly pairing of upside bets since the COT started reporting again and throws further uncertainty over […]