Latest Market News
Title ETHUSD H4 | Falling to overlap support Type Bullish Bounce Preference: Price is approaching the pivot point of 1791.48 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1858.27. Alternative scenario: If price breaks below the pivot point, it could hit the 1st support of […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0707. Today the market has started developing a correction to 1.0755. This is the first target. After the price reaches this level, a correction might follow to 1.0730. Next, growth to 1.0790 is expected. GBPUSD, “Great Britain Pound vs US […]
Brent On H4, Brent quotes are testing the level of 0/8 (75.00) that acts as a support level for the price and the upper border of the oversold area. The RSI has rebounded from the support line. Currently, a rebound from 0/8 (75.00) is expected, followed by a rise to the resistance at 2/8 (81.25). […]
Daily Market Outlook, May 26 , 2023 Asian equity markets generally strengthened, taking cues from the rally in the US driven by AI technology stocks. Additionally, reports surfaced indicating progress in resolving the US debt ceiling issue, with discussions revolving around raising the debt limit and implementing spending caps for the next two years. While […]
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EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0770 is expected, followed by a decline to 1.0575. An additional signal confirming the decline will be a rebound from the upper […]