Market Analysis

The market’s most traded currency pair is neutral on Monday. The current EURUSD exchange rate stands at 1.0889. The currency market’s sympathies remain on the side of the US dollar, owing to both the global risk aversion of investors and the content of the minutes of the last Fed meeting. Signals from China are mixed, […]

TitleUSDCHF H4 | Bearish reaction off 78.6% fibo projection? TypeBearish Reversal Preference: Price has reacted off the pivot point at 0.8820, which is an overlap resistance and at the 78.6% fibo projection. There is a possibility for price to react off the 50% fibo retracement before falling down to the 1st support at 0.8713, which […]

OPEC Cuts Supporting Oil Oil prices are starting the week on a solid footing with crude futures in the green across early European trading on Monday. News of reduced oil exports from OPEC+ this month have helped underpin sentiment. Exports from Russia and Saudi Arabia were down firmly on the back of the two suppliers […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4 near the support level. Currently, the instrument could go by the reversal pattern in an ascending wave. The correction target might be the resistance level of 1.0945. However, the quotes might drop to 1.0820 and continue the downtrend without pulling back. […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0844 and a correction to 1.0883. A new structure of decline to 1.0833 is expected to start forming today. After the price reaches this level, a link of correction to 1.0944 is not excluded, followed by a decline to 1.0810. This is […]

TitleUS30USD H4 | Bearish reaction off 23.6% Fibo? TypeBearish Reversal Preference: Price has reached our pivot point at 34557.89, which is an overlap resistance level, and at the 23.6% fibo retracement. If price closes below our pivot point on the H4 timeframe, then price could fall to our 1st support at 34236.71, which is a […]

BTC Slides on USD Buying Bitcoin prices are looking a little more stable at the start of the week following on from the sharp drop we saw across the back end of last week. BTC futures fell more than 10% across Thursday and Friday as market jitters spooked crypto traders. A resurgence in hawkish Fed […]

The BTC exchange rate is hovering around 26,060 USD on Monday, with the flagship cryptocurrency losing 11.4% in a week. The main trigger for last week’s sell-off was a viral publication in Bitcoin Magazine. It reported that Space X had sold its bitcoins worth 373 million USD. Journalists questioned this information, and eventually found it […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from the resistance level. The pair is going above the Ichimoku Cloud, suggesting an uptrend. A test of the lower boundary of the Cloud is expected at 1.2690, followed by a rise to 1.2940. The growth could be additionally confirmed by a rebound from the […]

TitleCADJPY H4 | Bullish bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is falling towards the pivot point of 106.887 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 107.684 which is an […]

BTC dropped to 26,260 USD by Friday. The weekly decline amounts to 10.6%, with the main drop occurring within the last 24 hours. Amidst the bearish seasonal cycle, there was enough spark to ignite a fire. The spark was initiated by the publication in Bitcoin Magazine, reporting that Space X had sold all its bitcoins […]

The Australian dollar, paired with the US dollar, has ceased its decline but remains in a weakened position. The current AUDUSD exchange rate stands at 0.6398. The day before, AUD reached its lowest point in 9 months. Some stabilisation in AUD sentiment can be attributed to the actions of China’s Central Bank. Yesterday, the regulator […]