Latest Market News
The market major today is aiming high. The current quote is 1.0080. The key characteristic of today is caution. No one dares to make any fast conclusions about the Congress election. No one is buying in agitation or is selling in panic. Everyone is waiting what is next; meanwhile, the currency major is growing step […]
Forex Trading Terms In order to become a successful Forex trader, is important to remain up to date with Forex news and Forex terminology that will help you with your trading. First you need to know the basics of foreign exchange. Understanding the basics is the first step towards your own trading strategy. Therefore, you […]
Daily Market Outlook, November 8, 2022 “Asian markets retain a bid tone overnight, the outlier remains Chinese equities which have failed to take the positive lead from European and US markets overnight. Overnight data from Australia showed continued deterioration in both business and consumer sentiment readings. Markets are firmly focused on political developments in the […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes have broken through the 200-day Moving Average and are now above it, which hints on possible development of an uptrend. However, the RSI is nearing the overbought area. As a result, we should expect a test of 4/8 (0.6347), a breakaway of it, and a […]
EURUSD, “Euro vs US Dollar” The currency pair has left the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.9945 is expected, followed by growth to 1.0250. An additional signal confirming the growth will be a bounce off the […]
• Natural gas reversed from resistance area • Likely to fall to support level 0.6000 Natural gas recently reversed down from the resistance area set between the resistance level 7.285 (former monthly high from October), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from August. The downward reversal from the […]