The Japanese yen paired with the US dollar remains stable at the beginning of the week. The current USDJPY exchange rate stands at 149.43. USDJPY recently came close to the 150.00 level, a point where interventions could have taken place. The market is currently speculating that the yen might strengthen if the Federal Reserve ceases […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, which indicates the prevalence of a downtrend. The RSI has broken the support line. In this situation, a downward breakout of 6/8 (1.0498) is expected, followed by a decline to the support level of 5/8 (1.0376). The scenario can be […]
BTC Volatility Explodes Bitcoin traders experienced heavy volatility across the European afternoon on Monday as the market reacted explosively to reports (later confirmed to be false) that the SEC had approved the BlackRock BTC ETF application. BTC prices were seen surging higher by more than 10% on the day before collapsing back as the reports […]
Middle East Impact Gold prices softened over European and US trading on Monday following a sharp rally on Friday as safe-haven flows surged higher on Israel/Palestine news flow. Gold futures recorded their largest single-day gain since March on Friday as risk assets tumbled against the backdrop in the Middle East. With the situation still unfolding […]
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USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be 1.3590. Next, the price could rebound from the support and extend the uptrend. However, the quotes might rise to 1.3740 without testing […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0500. A link of correction to 1.0535 is expected today (with a test from below). After the quotes reach this level, they could drop to 1.0467. And with a breakout of this level as well, the trend could continue to 1.0374. GBPUSD, […]
TitleNZDUSD H4 | Heading into resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.59341 which is a pullback resistance that aligns cloe 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 0.58815 which is a pullback support […]
TitleSPX500USD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could potentially fall to our pivot point at 4315.6, which is an overlap support level and slightly above the 50% fibo retracement. If price bounces off our pivot point, then price could rise towards the 1st resistance at 4367.1, which is a swing high […]