Latest Market News
On Tuesday, the dollar is struggling to rise, consolidating around the 102 level. Positive sentiment in the stock market and stress indicators in the US banking system suggest that the potential for further dollar decline is growing. For example, the Fed’s balance sheet, which has reflected bank demand for liquidity in recent weeks (due to […]
TitleEURUSD H4 | A reverse from resistance level TypeBearish Reversal Preference:Price has reversed from our pivot point at 1.09098 which is multi swing high resistance. if price were to break above it could push up to 1st resistance at 1.09642 which is another swing high resistance level. Alternative scenario:On the other hand, if price were […]
10 Tips for New Forex Traders to Improve Their Skills As a beginner in forex trading, you may be overwhelmed by the amount of information available and the complexity of the market. However, with discipline, knowledge, and practice, you can improve your Forex trading skills and become a successful trader. In this article, we will […]
Australian dollar against the US dollar on Tuesday is reacting logically to the RBA decision but the general mood remains positive. The current quote is 0.6755. At the meeting today, the Reserve Bank of Australia decided to leave the interest rate without a change at 3.6% per annum. Some had expected the rate to grow […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2335 is expected, followed by growth to 1.2585. An additional signal confirming the decline will be a rebound from the lower border of […]
TitleEURUSD H4 | Potential bullish reversal TypeBullish Bounce Preference:Price has bounced off our pivot at 1.07902, which has a fibo confluence of a 38.2% fibo retracement and 61.8% Fibo projection. If there is a reversal from this point, the price could potentially rally to the 1st resistance level at 1.09177, which is a swing high […]