Latest Market News
TitleGBPUSD H4 | Potential reverse from 61.6% TypeBearish Reversal Preference: Price is approaching our pivot at 11.25241, which is a multi-swing high resistance that lines up with the 61.8% Fibonacci projection. If it breaks above, it could reach the 1st resistance at 1.25885, which also lines up with the -27.2% Fibonacci expansion. Alternative scenario:However, if […]
The Australian dollar against the US dollar is securing the ascending impulse. The current quote is 0.6700. The morning statistics from Australia demonstrated that the unemployment rate in February remained at 3.5%, though it had been expected to rise to 3.6%. The number of workplaces increased by 53.0 thousand after growing by 63.3 thousand earlier. […]
EURUSD on Thursday remains strong. The current quote is 1.0990. In fact, it is not the EUR that is astonishingly strong, it is the USD that is extremely weak. A serious reason for such a decline in the USD has become the inflation report for March. The CPI dropped to 5.0% y/y, which is even […]
Oil Traders Increase Longs Again The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week from 181k to 226k. This marks the second consecutive weekly increase in bullish crude bets which have now risen more than 50% off the March lows. The uptick in bullish positioning has […]
TitleETHUSD H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1944.26 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1848.75. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1990.63. To discuss this trading idea, […]
EURUSD, “Euro vs US Dollar” The currency pair broke a consolidation range upwards and completed a structure of growth to 1.1000. Today the market is forming an impulse of decline to 1.0980. After the price hits this level, a correction to 1.0992 could follow. Then a new wave of decline to 1.0960 could start. GBPUSD, […]