Day: April 7, 2023

The BTC on Friday dropped to 27,935 USD. The leading cryptocurrency goes on fluctuating in a rather narrow range. On the one hand, this has to do with the expected slump in investing activity: it is Good Friday today in most European countries, the US, and Australia. On the other hand, buyers failed to use […]

The situation with the unemployment claims in the US is, indeed, weird. For many weeks, this report used to be a stronghold of stability and optimism that represented confidence of the employment sector. Everything changed last week, when the figure of primary claims sky-rocketed to 246 thousand from the average median value of 195-200 thousand. […]

Due to Good Friday, the currency markets are seeing some minor changes with low trading volumes and reduced liquidity. The Non-Farm Payrolls report briefly shook up prices, but it mostly met market expectations with job growth at 236K (forecasted 239K) and a 0.3% increase in wages, as anticipated. However, unemployment dropped to 3.5%, and the […]

Brent On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is approaching the support line. A test of 4/8 (87.50) should be expected, followed by growth to the resistance at 5/8 (90.62). The scenario can be canceled by a breakout of 3/8 (84.38) downwards. In […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a link of correction to 1.0936. Today the price could fall to 1.0899. Then a link of growth to 1.0938 is not excluded, followed by a drop to 1.0850. The target is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair continues forming […]

TitleS&P500 H4 | Potential bounce off from 23.6% TypeBullish Bounce Preference:Price is approaching our pivot level at 4084.34, which is a pullback support level and lines up with the 23.6% Fibonacci retracement level. If there is a reversal from this level, the price could potentially rise towards 1st resistance level at 4142.53. This level is […]

TitleHUSD H4 | Could ETHUSD bounce off the pivot TypeBullish Bounce Preference:Price is approaching our pivot level of 1846.94 and potentially bounce off this level, we could see momentum carry price up to its 1st resistance of 1943.61. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1751.07. To […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the Tenkan-Sen line of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2395 is expected, followed by growth to 1.2685. An additional signal confirming the decline will be a rebound from […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the correction could be 1.3545. Then the price could rebound from this level and go on with the downtrend. However, the price may drop […]

Equity market investors are getting increasingly nervous and risk-averse as the US economy continues to surprise with bearish economic reports this week. On Tuesday, it was the JOTLS data and the ISM manufacturing report, on Wednesday, the ADP employment report and PMI in the non-manufacturing sector were released, all four of which failed to meet […]