Day: July 21, 2023

Bitcoin is moving in a narrow range as it didn’t manage to break through the resistance level of 31000. Currently, the asset is testing the lower boundary of the range. This might cause a consolidation breakout. The asset’s price might also break the level of 31000 although this is less likely to happen. Gold has […]

The British pound sterling has suspended its rally against the US dollar, and the currency pair is now in a corrective phase. The current GBPUSD quote is 1.2950. Yesterday’s published UK Consumer Price Index statistics for June reflected a decline to 7.9% y/y from 8.7% a month earlier. Core inflation stood at 6.9% y/y, down […]

The major currency pair is stable on Thursday. The current EURUSD quote is 1.1220. The market has reached an equilibrium point and is now awaiting news. The US Federal Reserve and the European Central Bank meetings will take place next week. The market is counting on the fact that the Fed is approaching the point […]

TitleGBPJPY H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price is approaching the pivot point at 179.76, which is a multi-swing low key level. The 1st support is placed at 178.135, which aligns with the -27.2% fibo expansion and 145% fibo extension, this shows that there is fibo confluence. Once price bounce off the […]

AUD Higher Midweek The Australian Dollar has been the standout performer so far today. The Aussie soared higher overnight in response to the latest set of employment indicators which showed that the unemployment rate remained unchanged at 3.5% last month, despite expectations for a 0.1% increase. Additionally, the latest employment change data was firmly higher […]