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Day: March 13, 2024

Mar 13
CADJPY H4 | Bearish reversal

TitleCADJPY H4 | Bearish reversal TypeBearish Reversal Preference:The price is rising toward the pivot point of 109.54, a pullback resistance that aligns with the 38.2% Fibo retracement.  A reverse from this level could lead the price to fall to 1st support at 108.67, a multi-swing low support level Alternative scenario:If the price breaks above the […]

Mar 13
Technical Analysis of EURUSD and GBPUSD: Short-Term Rally May Continue as Dollar Looks for Upside Catalysts

The EUR/USD pair made modest gains during the early European session, buoyed by unrevised German inflation data that fell in line with expectations, registering a 2.5% year-on-year increase. This minor uptick comes in anticipation of the upcoming US CPI inflation data, a pivotal event that could potentially sway market sentiments. The chart below indicates that […]

Mar 13
FTSE Soars On Weaker UK Jobs Data

FTSE Breaking Out The FTSE is breaking higher today on the back of the latest UK economic data released this morning. The ONS reported that in the three months to January, UK wage growth slowed to 5.6% from 5.8% prior, this marks the lowest level of earnings increases since October 2022. Additionally, the unemployment rate […]

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