Latest Market News
On Friday, the market major is, indeed, happy. The current quote is 1.0510. Investors keep drowning the USD after the speech delivered this week by the head of the US Federal Reserve System Jerome Powell. According to CME, the probability of an increase of the interest rate by 50 base points at the meeting on […]
USDJPY Drop Deepens The holiday season is fast approaching but markets are showing little sign of slowing down. It’s been another busy week across the board with plenty of big moves and key developments to keep an eye on. However, chatting with traders ahead of the weekend, the move capturing the most attention appears to […]
Type: Bearish Momentum Key Levels:Resistance:1475.50Pivot:1409.75Support:1380.50 Preferred Case:We have a bearish bias on the H4 chart. In addition, price is crossing below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located. Alternative Scenario:Price may rise […]
GBPUSD, “Great Britain Pound vs US Dollar” The pair is growing in a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the signal lines of the indicator at 1.2155 is expected, followed by growth to 1.2890. An additional signal confirming the growth will be a bounce […]
BRENT On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the ascending trendline downwards. Hence, we should expect a test of 3/8 (84.38), a breakaway of it, and falling to the support level of 2/8 (81.25). The scenario can be cancelled by […]
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 head towards the 1st resistance line at 1.06680 where the […]