Latest Market News
Technical & Trade View USDCAD 1.3330 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.3410 1.3330 Target Achieved, New Pattern Emerging Technicals Primary resistance is at 1.3410 Primary pattern objective is 1.3165 Acceptance below 1.3230 next pattern confirmation Acceptance above 1.3430 opens a test of 1.35 20 Day VWAP bearish , 5 Day […]
FX Reversals Underway Last week’s sudden drop in the Dollar has proved highly fertile for reversal traders in FX. Across the board we’ve seen USD-counterparts rallying firmly. For technical traders, these moves looked well signalled given the basing action and momentum divergence we’ve seen in pairs such as EURUSD, GBPUSD, AUDUSD and (on the other […]
XAUUSD, “Gold vs US Dollar” At the resistance level, the instrument has formed a Shooting Star reversal pattern. Currently, the pair may go by the signal in a yet another correction wave. The goal of the pullback will be 1745.00. After a test of the support level, gold may bounce off it and continue the […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates an uptrend. However, the RSI has already reached the overbought area. As a result, we should expect a test of 4/8 (1.0253), a breakaway of it, and falling to the support level of 3/8 (1.0131). The scenario can […]
Gold broke the key resistance level of 1735.00, which also offers the required support. The asset is likely to pull from this level and jump to the level of 1800. American stock index S&P 500 broke the level of 3900. Currently, this asset is heading north. The index might potentially pull back from the crossing […]
On Monday, the BTC is balancing near 16,746 USD. The morning session was much more complicated than expected, with a noticeable decline and sales. Losses of the BTC over the week exceeded 20%. The crucial reason for the sales, as you remember, is the story with Binance and FXT. At the market, they are actively […]