Day: March 27, 2023
EURUSD, “Euro vs US Dollar” The currency pair has performed an impulse of decline to 1.0723. Today a link of growth might develop to 1.0810, followed by a decline to 1.0686. The target is first. After that, growth to 1.0810 is possible. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a […]
On Monday, the BTC is balancing near 27,827 USD. The impulse to grow had to be postponed as the market failed to manage the resistance and took a step back. Meanwhile, the BTC can still easily break through 29,000-30,000 USD, from where it can successfully attack 35,000 USD. The support level is at 26,500 USD, […]
On Monday, EURUSD is neutral. The current quote is 1.0760. Market moods look moderate. The fears that the banking crisis will gain force that were topical on Friday have faded into background. The crash of the stock of the main German bank earlier made investors avoid risks. The week is beginning calmly, but later there […]
Euro is undergoing a correction, heading down, and targeting the uptrend and supporting level of 1.0500. The asset might potentially pull back from the crossing point of this uptrend and supporting level and jump. Euro might also eventually hit the level of 1.1000. Time will tell what will happen next. Brent oil keeps testing the […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Hammer reversal pattern. Currently, the currency pair is going by the reversal signal in an ascending wave. The target of the growth might be 1.3810; later the price might break it and continue the uptrend. However, the price might pull back to 1.3695 […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the resistance line. In such circumstances, we should expect the price to rise above 5/8 (1.0803) and increase to the resistance level of 6/8 (1.0864). The scenario can be canceled […]
Daily Market Outlook, March 27, 2023 Markets Avoid Another Weekend Meltdown, As SBV Is Acquired Asian equities start the week in a subdued fashion following Friday’s reversal on Wall Street, market concerns around European banking names have been allayed as the weekend passes without any significant negative news flow. First CitizensBancshares have agreed to acquire […]
TitleAUDUSD H4 | Potential Bullish Reversal TypeBullish Bounce Preference:The price has bounced back from the pivot point at 0.66373, which is a swing low support level that aligns with an ascending trendline and the 61.8% Fibonacci retracement level. If the price keeps climbing, it has the potential to hit 1st resistance level of 0.67222. Alternative […]