Latest Market News

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0890. Today the market is forming a consolidation range under this level. An escape from the range upwards and a structure of growth to 1.0920 are not excluded, followed by a decline to 1.0833. And if this level also breaks […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of 3/8 (0.6683) is expected, followed by a decline to the support level of 1/8 (0.6622). The scenario can […]

Unemployment Rises  GBP has seen plenty of volatility over the European open on Tuesday as traders digest the latest UK jobs data. The unemployment rate was seen increasing to 3.9% from 3.8% prior while the claimant count change was seen rising to 46.7k from 28.2k prior, well above the 31.2k the market was looking for. […]

Bitcoin is still undergoing correction. The asset has closely approached the supporting level of 25200. Bitcoin is likely to rebound from this level and jump. It might also break the support. So, it might be interesting to observe the price movements next to this level. Silver has dived under the supporting level of 24.75, forming […]

EURUSD, “Euro vs US Dollar” EURUSD has secured under 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 1.0905 is expected, followed by a decline to 1.0735. An additional signal confirming the decline will be a rebound from the […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be 1.3420. Next, the price has a chance to break the level and continue the downtrend. However, the quotes could correct to […]