Day: October 6, 2023

Oct 06
Technical Analysis & Forecast 06.10.2023

EURUSD, “Euro vs US Dollar” EURUSD has made a corrective movement to 1.0550. At the moment, the market is consolidating under this level. A declining movement to 1.0487 could follow today. Practically, a wide consolidation range has formed around this level. With an escape from the range downwards, an extension to 1.0421 is not excluded. […]

Oct 06
Murrey Math Lines 06.10.2023 (Brent, S&P 500)

Brent Brent quotes have broken the 200-day Moving Average on H4 and currently rest below it, indicating probable development of a downtrend. However, the RSI is already in the oversold area. As a result, in this situation, a test of 1/8 (82.81) is expected, followed by a rebound from this level and a rise to […]

Oct 06
USDCAD H4 | Falling to 23.6% Fibo support

TitleUSDCAD H4 | Falling to 23.6% Fibo support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36955 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37841 which is a swing-high […]

Oct 06
Ichimoku Cloud Analysis 06.10.2023 (GBPUSD, USDCAD, BRENT)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD 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 1.2175 is expected, followed by a decline to 1.1955. An additional signal confirming the decline will […]

Oct 06
Japanese Candlesticks Analysis 06.10.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3790. Next, the price might break the resistance and continue the uptrend. However, the quotes could correct to 1.3680 before rising. AUDUSD, “Australian Dollar […]

Oct 06
GBPJPY H4 I Reacting off resistance?

TitleGBPJPY H4 I Reacting off resistance? TypeBearish Reversal Preference: The price is rising toward our pivot point at 181.24, which is an overlapping resistance level aligned with the 61.8% Fibonacci retracement. A reversal from this point could lead to a drop in price to the 1st support at 179.48, which is a swing-low support level. […]

Oct 06
EURGBP H4 I Bearish continuation expected?

TitleEURGBP H4 I Bearish continuation expected? TypeBearish Reversal Preference:  The price is rising toward our pivot point at 0.86701, which is an overlapping resistance level. A reversal from this point could lead to a drop in price to the 1st support at 0.8633, which is an overlap support level. Alternative scenario: However, if the price […]

Oct 06
FCA warns against Etrade-option/Etrade-option Investment

Unauthorised firm details Name: Etrade-option/Etrade-option Investment Address: Jauncey Street, Bolton, Manchester, BL3 5PB Email: [email protected] Website: https://etrade-option.org/ 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 […]

Oct 06
Euro/dollar awaits economic data. Overview for 06.10.2023

The primary currency pair is maintaining its stability on Friday. The current EURUSD exchange rate stands at 1.0543. The market is holding its strength as it prepares for the release of substantial economic data from the US. The unemployment rate is expected to drop to 3.7% in September from the previous 3.8%, and non-farm payrolls […]

Oct 06
The cryptocurrency market digest (BTC, LOOM). Overview for 06.10.2023

BTC is hovering around 27,390 USD on Friday. Yesterday, the cryptocurrency attempted to rise again, apparently with no noticeable success. Everything is going according to the usual scenario: investors start buying the cryptocurrency, raising the exchange rate above 28,000 USD, but fail to secure above the resistance level of 28,500 USD. And this is a […]