Latest Market News
Type: Bullish Momentum Key Levels:Resistance:1.06680Pivot:1.01265Support:1.03965 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expecting price to possible head towards the resistance at 1.06680, where the previous […]
Bond Yields Moving Back Up Again US bond yields have been on the decline recently. Following the concerning 70% rally we saw over most of Q3, the US 1O-yr yield has since corrected by around 15%. A large part of this has been the shift in market perspective recently regarding Fed tightening expectations. Traders have […]
On Friday, the BTC is recovering. Main fluctuatuons are near 16,777 USD. However, strategically the BTC remains inside the range of 15,500-17,200 USD, which will be quite tricky to escape. The crypto market will need a lot of time to cure its nerves and decide something with trust. The stress after the story with Binance […]
BRENT On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of the downtrend. The RSI is nearing the oversold area. Currently, we should expect a test of 1/8 (89.06), a breakaway of it, and falling to the support level of 0/8 (87.50). The scenario can be cancelled by rising over the […]
Common Risks That Every Forex Trader Should Know Forex market is know that is having the biggest trading volume in the world, which is why they are highly liquid assets. Forex trading has it is own part of challenges and taking risk at a certain degree is inevitable for a forex trader, an understanding of […]
Type: Bearish Momentum Key Levels:Resistance:1433.75Pivot:1409.75Support:1391.75 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 possibly continue heading towards the Pivot at 1409.75, where the 38.2% Fibonacci line is. Alternative Scenario:Price […]