Latest Market News
Type: Bearish Continuation Key Levels:Resistance:2454Pivot:2597Support:2355 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the support at 2355, where the previous swing low is located. Alternative Scenario:Price may […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish trend continues, price may move towards the 4173.25 resistance level , which contains the 78.6% Fibonacci Fibonacci line. Alternative Scenario:Price could retest the pivot […]
GBP Continues to Fight Back With the holiday shortened week in the US due to Thanksgiving, it’s been a quieter session for markets this week. However, we’ve seen some important developments and while we haven’t quite seen the largescale volatility of recent weeks, there have certainly been some noteworthy moves. Chatting with traders ahead of […]
Technical & Trade View GBPUSD Trade View 1.2050 target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.1950 Technicals Primary support is 1.1950 Primary upside objective 1.22 Next pattern confirmation, acceptance above 1.21 Failure below 1.19 opens a test of 1.1770 20 Day VWAP bullish, 5 Day VWAP bullish Today’s New York Cut Option […]
BRENT On H4, Brent quotes are under the 200-day Moving Average which indicates prevalence of a downtrend. The RSI is testing the descending trend line. Currently, the price should test 3/8 (84.38), break through it, and fall to the support level of 2/8 (81.25). The scenario can be cancelled by the price rising over 4/8 […]
The Japanese yen against the US dollar remains stable, the current quote is 138.51. As long as basically the yen is aiming at devaluation, the current state of things can be called a fantastic luck. This foothold was given to the yen by the weakness of the dollar that dropped after last week the minutes […]