XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be 1965.00. After testing the support level, the price could rebound and develop an ascending wave. However, the quotes might rise to 2025.00 without a […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing a prevailing downtrend. The RSI has broken the support line. In this situation, the price is expected to test the 3/8 (0.6378) level, break it, and drop to the support at 2/8 (0.6286). The scenario can be cancelled […]
Shop Prices Fall in October There was better news for UK households today with the latest UK BRC retail monitor showing shop prices fell again last month. Retail prices dropped from 6.2% to 5.2% in October, in an encouraging sign that the cost-of-living crisis is finally starting to ease off in the UK. Today’s decline […]
TitleCHFJPY H4 | Rising into 50% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 166.555 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 165.057 which is a […]
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The Japanese yen paired with the US dollar is weakening again. The current USDJPY exchange rate stands at 150.11. The Bank of Japan left the interest rate unchanged at -0.10% per annum at today’s meeting, just as expected. At the same time, the central bank announced an increase in the flexibility of the yield curve […]