Day: May 22, 2023
The BTC on Monday is holding near the 26,783 USD mark. The weekly loss is estimated at 2.13%. The situation in the crypto segment did not improve over the weekend. Investors continue to follow the information about the ban on any type of transactions related to the Binance exchange, such as restrictions imposed by Westpac […]
The market’s most traded currency pair starts the new week of May cautiously. The current EURUSD quote is 1.0820. The currency market’s attention is still focused on the US national debt and the debates around it. So far, the discussions between the Republicans and Democrats have proved non-productive. It would be great for them to […]
TitleUSDCAD H4 | Falling to 1st support TypeBearish Reversal Preference: Price is approaching our pivot point at 1.35298 which is an overlap support level. A reverse from here, price could fall to 1st support at 1.34688 which is a swing low support level. Alternative scenario:However, if price breaks above the pivot, it could rally to […]
Lagarde Leans Into Tightening Mode Following on from the dovish comments heard from Fed’s Powell on Friday, ECH head Christine Lagarde struck a different tone during an interview on Sunday. Lagarde was seen to continue pushing ahead with further tightening. While Lagarde noted that the central bank had “covered a large chunk of the journey […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI is approaching the resistance line. In this situation, a downward breakout of 1/8 (1.0803) is expected, followed by a decline to the support at 0/8 (1.0742). The scenario can be cancelled by […]
EURUSD, “Euro vs US Dollar” On H4, near the support level, EURUSD has formed a Harami reversal pattern. The instrument is currently going by the reversal signal in an ascending wave. The correction target could be 1.0860. However, the price might drop to 1.0760 and continue the downtrend without testing the resistance level. USDJPY, “US […]
EURUSD, “Euro vs US Dollar” The currency pair has risen to 1.0827 and now rests in a consolidation range below it. If the quotes break the range downwards, the range might extend to 1.0740. If the price escapes it upwards, the correction could continue to 1.0896, after which a decline to 1.0700 might follow. GBPUSD, […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0825 is expected, followed by a decline to 1.0645. An additional signal confirming the decline will be a rebound from the upper […]