Day: August 21, 2023

Aug 21
USD is strong. Overview for 21.08.2023

The market’s most traded currency pair is neutral on Monday. The current EURUSD exchange rate stands at 1.0889. The currency market’s sympathies remain on the side of the US dollar, owing to both the global risk aversion of investors and the content of the minutes of the last Fed meeting. Signals from China are mixed, […]

Aug 21
USDCHF H4 | Bearish reaction off 78.6% fibo projection?

TitleUSDCHF H4 | Bearish reaction off 78.6% fibo projection? TypeBearish Reversal Preference: Price has reacted off the pivot point at 0.8820, which is an overlap resistance and at the 78.6% fibo projection. There is a possibility for price to react off the 50% fibo retracement before falling down to the 1st support at 0.8713, which […]

Aug 21
Crude Rallies On Lower OPEC Exports

OPEC Cuts Supporting Oil Oil prices are starting the week on a solid footing with crude futures in the green across early European trading on Monday. News of reduced oil exports from OPEC+ this month have helped underpin sentiment. Exports from Russia and Saudi Arabia were down firmly on the back of the two suppliers […]

Aug 21
FCA warns against Scam Watcher

Unauthorised firm details Name: Scam Watcher 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 looks genuine.

Aug 21
Japanese Candlesticks Analysis 21.08.2023 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4 near the support level. Currently, the instrument could go by the reversal pattern in an ascending wave. The correction target might be the resistance level of 1.0945. However, the quotes might drop to 1.0820 and continue the downtrend without pulling back. […]

Aug 21
Technical Analysis & Forecast 21.08.2023

EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0844 and a correction to 1.0883. A new structure of decline to 1.0833 is expected to start forming today. After the price reaches this level, a link of correction to 1.0944 is not excluded, followed by a decline to 1.0810. This is […]

Aug 21
US30USD H4 | Bearish reaction off 23.6% Fibo?

TitleUS30USD H4 | Bearish reaction off 23.6% Fibo? TypeBearish Reversal Preference: Price has reached our pivot point at 34557.89, which is an overlap resistance level, and at the 23.6% fibo retracement. If price closes below our pivot point on the H4 timeframe, then price could fall to our 1st support at 34236.71, which is a […]

Aug 21
Bitcoin Vulnerable Following Market Drop

BTC Slides on USD Buying Bitcoin prices are looking a little more stable at the start of the week following on from the sharp drop we saw across the back end of last week. BTC futures fell more than 10% across Thursday and Friday as market jitters spooked crypto traders. A resurgence in hawkish Fed […]

Aug 21
FCA warns against Savoy Investment Group

Unauthorised firm details Name: Savoy Investment Group Address: London Tower 42, 25 Broad Street, London, EC2N 1HN Telephone: 2045874414 Website: www.savoyig.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 […]

Aug 21
FCA warns against Meliden Bank / www.melidenbk.com

Unauthorised firm details Name: Meliden Bank / www.melidenbk.com Telephone: +13157604956 Email: [email protected], [email protected] Website: www.melidenbk.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 individual, so the information looks […]