Day: June 22, 2023
The British pound sterling is saving strength for daily movements against the US dollar. The current GBPUSD quote is 1.2760. Today the key event is the meeting of the Bank of England. The interest rate is expected to rise by 25 basis points to 4.75% per annum. Furthermore, financial markets see the probability of an […]
TitleGBPUSD H1 | React off 1st resistance TypeBullish Breakout Preference: Price is approaching our pivot point of 1.27699 which is an overlap resistance level. If it reverse from here, price could fall to 1st support level at 1.26979 which is an overlap support that aligns with 38.2% FIbo retracement Alternative scenario: However. if price breaks […]
TitleUSDCAD H4 | Bounce off from Fibo confluence TypeBullish Bounce Preference:Price is falling towards our pivot point of 1.31165 which aligns with -27.2% Fibo expansion and 161.8% Fibo extension, indicating the Fibo confluence zone. A reverse from here, price could rally to 1st resistance at 1.31762 which is a pullback resistance level. Alternative scenario:However, […]
Unauthorised firm details Name: Swiss-Trade.co Address: 50 Stratton St, London, UNITED KINGDOM Email: [email protected] Website: www.swiss-trade.co Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information […]
Unauthorised firm details Name: TradesPeck Address: 25 Canada Square, London, UNITED KINGDOM, E14 5LQ Telephone: 442035970523 Fax: +442035970640 Website: www.tradespeck.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are under the 200-day Moving Average on H4, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of 2/8 (0.8911) is expected, followed by a decline to the support at 1/8 (0.8850). The scenario can […]
The market’s most traded currency pair has increased noticeably overnight. The current EURUSD quote is 1.0980. The US dollar dropped after the speech delivered by the chairman of the Federal Reserve System Jerome Powell. Speaking before policymakers at Capitol Hill, Powell stuck to his previous viewpoint concerning the interest rate and did not exclude that […]
EIA On Watch Crude oil prices are a little softer today ahead of the latest EIA inventories release due later. Last week, the EIA reported a larger-than-forecast inventories surplus, reflecting weaker demand. However, looking at today’s expectations, the market is forecasting a 0.3 million barrel surplus, down sharply from the 7.9 million barrel surplus reported […]
TitleEURUSD H4 | potential reverse from resistance TypeBearish Reversal Preference: Price is approaching our pivot point of 1.09988, which represents an overlap resistance. This level aligns with the 78.6% Fibonacci retracement and 61.8% projection, indicating a Fibonacci confluence. If there is a reversal from this level, the price could potentially decline towards our first support […]
Unauthorised firm details Name: SwissTrade Address: 50 Stratton St, London, UNITED KINGDOM Email: [email protected] Website: www.swiss-trade.co Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information […]
