Day: October 5, 2023

Oct 05
EUR is poised to rise. Overview for 05.10.2023

The primary currency pair remains inclined towards a rebound on Thursday. The current EURUSD exchange rate is 1.0522. The yield on US Treasury bonds decreased yesterday, as did crude oil prices. Capital markets seem to have taken a pause to assess the stability of the current trends. The US statistics released yesterday did little to […]

Oct 05
The yen received the long-awaited help. Overview for 05.10.2023

The Japanese yen paired with the US dollar has finally received aid from the Japanese government and central bank. The current USDJPY exchange rate stands at 148.55. News appeared yesterday confirming yen interventions in Japan. However, no official statement has been released on this matter as of yet. The latest documents from the Bank of […]

Oct 05
BCOUSD H4 | Rising into pullback resistance

TitleBCOUSD H4 | Rising into pullback resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 87.859 which is a pullback resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 85.881 which is a pullback support level. Alternative scenario:IIf price breaks above the pivot […]

Oct 05
EURUSD H4 | Reacting off 61.8% Fibo?

TitleEURUSD H4 | Reacting off 61.8% Fibo? TypeBearish Reversal Preference: Price is rising toward our pivot point of 1.05502, which serves as a pullback resistance level aligning with the 61.8% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.04886,  an overlap support level. Alternative scenario: However, […]

Oct 05
Technical Analysis & Forecast 05.10.2023

EURUSD, “Euro vs US Dollar” EURUSD has made a corrective movement to 1.0530. At the moment, the market is forming a consolidation range under this level. An extension to 1.0535 is not excluded today. After the price reaches this level, a new declining wave to 1.0482 is expected. Breaking this level, the price might drop […]

Oct 05
Murrey Math Lines 05.10.2023 (USDCHF, XAUUSD)

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI is approaching the support line. In this situation, a test of 5/8 (0.9094) is expected, followed by a rebound from it and a rise to the resistance at 7/8 (0.9216). The […]

Oct 05
Bitcoin Bulls Keep Pushing: Potential Price Rise Ahead

The price of Bitcoin has tested the level of 28500. However, Bitcoin didn’t manage to hit the key levels of 29000 and 30000. The asset’s price might still retest the broken downtrend, rebound, and target the resistance area formed between levels 29000 and 30000. So, let’s observe whether this scenario might work out. The price […]

Oct 05
US30USD H4 | Heading into 23.6% Fibo resistance

TitleUS30USD H4 | Heading into 23.6% Fibo resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 33263.89 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 32829.28 which is a […]

Oct 05
FCA warns against AFFINITY AXIS BANK

Unauthorised firm details Name: AFFINITY AXIS BANK Address: 19,557 SF UNIT, BEDFORD, MK401TS Telephone: 07700900246 Email: [email protected] Website: https://www.affinityaxisbank.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, […]

Oct 05
FCA warns against Instant Quid Finance / instantquidfinance.com

Unauthorised firm details Name: Instant Quid Finance / instantquidfinance.com Website: https://instantquidfinance.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 genuine.