Latest Market News
Type: Bearish ContinuationKey Levels:Resistance: 1704’6Pivot: 1687’6Support: 1659’2Preferred Case:With price moving below the ichimoku cloud, we see a potential bearish continuation from our pivot level of 1687’6 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1659’2 which is in line with the horizontal swing low support.Alternative […]
GBPAUD Rejected At Key LevelGBPAUD price action is looking interesting for bears here. The decline from the break through the rising trend line over late 2021/early 2022 has seen the market breaking through several key levels. The break of 1.7813 (major support level) was a strongly bearish development for the pair. With price having recently […]
• EURUSD broke long-term support level 1.0640• Likely to fall to support level 1.0400 EURUSD currency pair under the strong bearish pressure after the price the long-term support level 1.0640 (the previous yearly low from the start of January). The breakout of the support level 1.0640 accelerated the active impulse waves 5 and (3). EURUSD […]
• S&P 500 reversed from support zone• Likely to rise to resistance level 4250.00 S&P 500 index recently reversed up from the support area lying located between the long-term support level 4150.00 (which has been reversing the price from last June) and the lower daily Bollinger Band. The upward reversal from this support zone stopped […]
Oil futures ended a choppy session in positive territory after data showed a large drop in U.S. gasoline and distillate inventories. West Texas Intermediate crude for June delivery CL.1, +0.51% CLM22, +0.51% rose 32 cents, or 0.3%, to close at $102.02 a barrel on the New York Mercantile Exchange after earlier dipping back below the […]
City of Plymouth Credit Union (CPCU) Limited was placed into administration on Wednesday 27 April 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators by the court. City of Plymouth Credit Union is a financial co-operative owned by its members. […]