Day: March 31, 2023
The British pound against the US dollar continues growing. The current quote is 1.2365. Apart from the weakness of the USD, the pound has a mighty domestic driver for growth. In particular, Britain has agreed to join a Trans-Pacific Partnership (CPTPP). London has already called it the biggest trade since Brexit. CPTPP has started working […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a link of growth to 1.0925. Today the market is forming a consolidation range under this level. If the price escapes the range downwards, we expect a wave of decline to 1.0870. And if this level also breaks downwards, a pathway for a structure to […]
TitleUSDCAD, H4 | Potential bullish reversal TypeBullish Bounce Preference:Price is approaching our pivot level of 1.34949 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.36577. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1.34551. To discuss this trading idea, […]
TitleGBPUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price has bounced off from our Pivot at 1.23955 which is a swing high resistance. if price were to reverse it could drop down to 1st support at 1.23464 Alternative scenario:However, if price were to break above the pivot point it could push up to 1st resistance […]
The legal quandary faced by ex-President Donald Trump, now indicted by a New York grand jury, adds a layer of complexity to the Congressional gridlock over fiscal matters, potentially impacting the U.S. stock market and economic health. While the indictment itself may not appear to directly affect the stock market, it coincides with a tense […]
The BTC dropped to 27,806 USD on Friday. The cryptocurrency lacks an impulse to bring to life its ambitious targets for growth. The support level is 26,750 USD, and the next one is 26,500 USD. Resistance levels are 29,000 USD and higher. The correlation with the US stock market has somewhat weakened, which brought down […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance, EURUSD has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1.0850. However, the price may grow to 1.0950 and continue the uptrend without any correction to the […]
TitleUSDJPY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is currently at our pivot point at 132.692, which is an overlap support along with a 38.2% Fibonacci retracement. If the price were to reverse, it could drop to 1st support at 131.651 along with a 50% Fibonacci retracement. Alternative scenario:However, if the price breaks above […]
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The wide inflation rate in Germany fell in March to its lowest level since last summer. Details showed that the price index mostly decreased due to energy and raw materials. The key question is, has the deflationary process started? The overall rate decreased in March to 7.4% on an annual basis compared to 8.7% in […]
