Latest Market News
EURUSD, “Euro vs US Dollar” The currency pair has completed a link of growth to 1.0972. Today the market is forming a consolidation range under this level. Next, the price could fall to 1.0925, and then a link of growth to 1.0977 is not excluded. After the quotes reach this level, a wave of decline […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which reveals the prevalence of a downtrend. The RSI has broken the support line. As a result, we expect a downward breakout of the level of 4/8 (131.25), after which the price could continue falling to the support at […]
TitleXAUUSD, H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1991.292 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1945.885. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 2010.04. To discuss this trading idea, […]
Daily Market Outlook, April 04, 2023 RBA Tap The Breaks On Rate Rises Asian equity markets traded with a mixed tone, with some centres carving out modest gains, the upside was capped given the the choppy action seen on Wall Street, where manufacturing data indicated a further retreat in inflationary pressures and a softening in […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is pushing off the support area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 131.35 is expected, followed by growth to 136.55. An additional signal confirming the decline will be a rebound from the […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance level, the quotes have formed a Shooting Star reversal pattern. Currently, the instrument can go by the reversal signal in a descending wave. The target for the correction might be 1.0890. However, the price may rise to 1.1000 and continue the uptrend without correcting to […]