Brent Brent quotes have broken the 8/8 (93.75) level, escaping the overbought area. The RSI has broken the support line. In this situation, a downward breakout of 7/8 (92.19) could be expected, followed by a decline to the support at 6/8 (90.62). The scenario can be cancelled by rising above the 8/8 (93.75) level. In […]
The major currency pair appears more robust on Friday. The current EURUSD exchange rate stands at 1.0580. After hitting local lows, the euro/dollar rebounded upwards. However, as the global context remains unchanged, this rebound may be temporary. The statistics published yesterday presented a mixed picture. The final calculation of the Q2 GDP in the US […]
EZ CPI Drops Sharply The latest round of eurozone CPI figures made for better reading for the ECB today. Headline CPI was seen cooling to 4.3% last month, down from 5.2% prior and below the 4.5% the market was looking for. Similarly, core CPI was seen cooling to 4.5% from 5.3% prior, below the 4.8% […]
TitleGBPJPY H4 | Bearish reaction off 127.2% fibo? TypeBearish Reversal Preference: Price is hovering below our pivot point at 182.66, which is a pullback resistance level, aligning with the 127.2% fibo extension. Price could react bearishly and fall to the 1st support at 181.83, which is a pullback support level. Alternative scenario:If price breaks above […]
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EURUSD, “Euro vs US Dollar” EURUSD has performed a growth movement to 1.0545. Today the market is forming a consolidation range above this level. Escaping the range downwards, the potential for a wave to 1.0477 could open. With an escape upwards, a link of correction to 1.0600 will not be excluded (with a test from […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0625 is expected, followed by a decline to 1.0435. An additional signal confirming the decline will be a […]