Day: January 29, 2024

Oil Tanker Attacked in Red Sea Crude prices are in the spotlight as we start the new week following reports over the weekend of fresh violence in the Middle East. Despite the recent US and UK airstrikes on Houthi rebel sites in Yemen, the group carried out fresh missile attacks against ships in the Red […]

Crypto Rallying on Monday BTC futures are trading in green across the European morning on Monday, extending gains from Friday when the market saw a more than 6% rally. While still down around 13% on the year, the move back above 40345 support is an encouraging development for bulls. The move has been linked to […]

EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 1/8 (1.0803) level is expected, followed by a price decline to the support at 0/8 (1.0742). The scenario […]

The Japanese yen, paired with the US dollar, is firmly gripped in a sideways channel. The current USDJPY exchange rate stands at 148.07. Considering how volatile the yen usually is, the current state of affairs is surprising. The currency market is in a global state of consolidation. The US dollar is holding tight due to […]

EURUSD, “Euro vs US Dollar” EURUSD has found a foothold under the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0855 is expected, followed by a decline to 1.0685. An additional signal confirming the decline […]

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 the 2045.00 level. Upon testing the resistance, the price could break the level and continue developing the uptrend. However, the quotes might pull back to […]