Latest Market News
EURUSD, “Euro vs US Dollar” The pair is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0485 is expected, followed by growth to 1.0805. An additional signal confirming the growth will be a bounce off the lower […]
What is Liquidity and Volatility? To new traders terms like these, can be confusing and you need to fully understand forex terms, in order to apply them to your strategies. Both liquidity and volatility are quite different, but they can affect each other. What Is Liquidity? Volatility in simple terms, is how quickly an asset […]
BOC Hikes and Keeps Options Open The Bank of Canada meeting yesterday was a more neutral affair than most were anticipating. The BOC hiked rates by a further .5%. in line with expectations. However, the accompanying language and outlook was not convincingly geared towards a pause. Interestingly, the market reaction to the meeting has seen […]
USD Under Pressure USDCNH has seen a sharp sell-off over the last week or so. Part of this can be attributed to the softening we’ve seen in USD while the other driver is clearly the developments we’ve seen in China. On the USD front, the greenback has been well sold recently though the perspectives behind […]
Type: Bullish Continuation Key Levels:Resistance:1.06680Pivot:1.05085Support:1.03315 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly break the pivot at 1.05085, where the previous high is […]
Gold has pulled from the resistance at the level of 1820, forming an engulfing. Now, the asset’s price has pulled to the middle point of the engulfing. This might signify the upcoming drop. Gold is likely to drop to the level of 1735 next. The Euro is slowly heading down, targeting the level of 1.0350 […]