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EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the resistance level at 1.0690. However, the price could correct to 1.0560 and extend the downtrend after a pullback […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured under the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2205 is expected, followed by a decline to 1.1985. An additional signal confirming the decline will […]
BOC in Focus The Bank of Canada meets for its October rate setting meeting today and while no change is expected, traders will be keeping a close eye on the latest guidance and forecasts offered. The BOC has warned recently that it is still prepared to use further tightening, if necessary, to respond to any […]
TitleEURGBP H4 | Potential Bearish Reversal TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.87331 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.86842 which is a pullback support that aligns close to the 50.0% Fibonacci retracement […]
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Unauthorised firm details Name: MONEYPRISM TRADING Address: Canalot Studios, 222 Kensal Road, London, UNITED KINGDOM, W10 5BN Email: [email protected] Website: www.moneyprism-trading.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 […]
Japanese CPI Rises The Japanese Yen is turning higher today on the back of the latest set of inflation figures, released overnight. BOJ core CPI was seen rising to 3.4% last month, up from 3.3% a month prior and above the 3.3% the market was looking for. With JPY continuing to depreciate over recent weeks, […]
TitleGBPJPY H4 | Bearish reversal off 161.8% fibo? TypeBearish Reversal Preference: Price is rising towards our pivot point at 183.76, which is a swing high resistance level, aligning with the 161.8% fibo extension. Price could reverse off from here, and fall to the 1st support at 182.87, which is a pullback support level. Alternative scenario:If […]