Day: June 14, 2023
The Japanese yen is hit by a new wave of devaluation against the US dollar. The current USDJPY quote is 140.05. Goldman Sachs investment bank revised its inflationary expectations for Japan, increasing them. They are now even higher than the forecast of the BoJ. In fact, a decrease in the CPI below 2% for the […]
The BTC price dropped to 25,977 USD on Wednesday. The flagship cryptocurrency remains as volatile as before. The weekly decline is estimated at 3.6%. A significant support level is at the 25,400 USD level. Below it, there is new support at 24,480 USD. BTC is being bought during the fall, but not very effectively. Seasonal […]
Gold Flat Ahead of Fed Gold prices are looking very muted ahead of the FOMC later today, reflecting some uncertainty in the market. While the Fed is widely expected to pause its 15-month tightening campaign today, expectations are a little more split over the likely forward guidance to be offered and the tone of the […]
TitleGBPJPY H4 | Bullish breakout to the upside TypeBullish Breakout Preference:Price is approaching the pivot point of 176.927 and could potentially break out of this level; we could see momentum carry price up to its 1st resistance of 178.116. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 175.479. […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, revealing the prevalence of an uptrend. The RSI is testing the support line. In this situation, the price is expected to rise above 7/8 (0.6774) and later reach the resistance level of 8/8 (0.6835). The scenario can be cancelled […]
The market’s most traded currency pair is full of expectations on Wednesday. The current EURUSD quote is 1.0780. The two-day meeting of the US Federal Reserve System will end tonight. Monetary policymakers are likely to decide to pause the series of interest rate increases for the first time in 15 months. At the same time, […]
TitleDE30EUR H4 | Bearish reversal from all-time highs TypeBearish Reversal Preference: Price is rising towards the pivot point of 16301.07 and could potentially reverse from here; we could see momentum carry price up/down to its 1st support of 16108.32. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance of […]
BTC Unable to Rally Crypto bulls’ frustration continues this week. While other risk assets are breaking out in line with downgraded Fed rate hike projections, Bitcoin and other leading crypto assets are still stuck in a rut. The issue for crypto currently is the latest wave of negative news to hit the sector. The US […]
EURUSD, “Euro vs US Dollar” EURUSD is testing 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 1.0745 is expected, followed by a rise to 1.0905. An additional signal confirming the rise will be a rebound from the lower […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a wide consolidation range around 1.0770. At the moment, the market has extended it to 1.0820. Today the price has completed a declining impulse to 1.0777 and a correction of this impulse to 1.0808. The market is now forming a new structure of decline to […]