The British pound sterling appears weak against the US dollar. The current GBPUSD exchange rate stands at 1.2080. The US dollar has considerably strengthened its position over the last two days, which had a negative impact on other currencies, including the GBP. The market is gearing up for the release of a large amount of […]
The Japanese yen against the US dollar is falling at each time increasing speed. The current USDJPY exchange rate stands at 150.45. Well, USD has secured above the psychologically important level of 150.00. Earlier we discussed that this mark might have lost its significance because the Bank of Japan was giving no signals of being […]
TitleUS30USD H4 | Bullish reversal off pivot? TypeBullish Bounce Preference: Price is approaching our pivot point at 32887.4, which is a multi-swing low support level. If price bounce off the pivot point, price could potentially reverse from here and become bullish, to rise to the 1st resistance at 33247, which is a multi-swing high resistance […]
TitleSPX500USD H4 | Bullish reversal off 127.2% fibo? TypeBullish Bounce Preference: Price is hovering above our pivot point at 4157.2, which is an overlap support level, aligning with the 127.2% fibo extension. If price bounces off the pivot point, then price could rise towards the 1st resistance at 4205.4, which is a pullback resistance level. […]
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XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 2010.00. Upon testing the resistance level, the price could break it and go on developing the uptrend. However, the quotes might correct to 1960.00 before […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0540. A decrease to 1.0533 might follow today. After the quotes reach this level, a link of correction to 1.0565 is not excluded (with a test from below). Next, a new wave of decline to 1.0480 is expected. This is the first […]
ETF Fever Bitcoin prices continue to push higher this week with BTC futures now trading at 17-month highs. The driver behind the move is the ongoing speculation regarding potential SEC ETC approval. BTC bulls have been bolstered recently by the SEC’s decision not to appeal against a court ruling in favour of Grayscale’s ETF application. […]