Latest Market News

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading within the “overbought area”. In this case, the price is expected to test 8/8, break it, and then continue falling to reach the support at 7/8. However, this scenario may no longer be valid if the price breaks […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support level, USDCAD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.2640. However, an alternative scenario implies that the asset may fall […]

Powell Ignites YieldsFed chairman Jerome Powell lit a fire under US yields yesterday with comments made at the National Associations of Business Economics. Powell warned that the Fed is willing to do everything necessary to control inflation and stop it from running riot this year. Powell said that amongst its arsenal, the central bank would […]

Equities Continue To Rebound Amidst Ceasefire HopesBenchmark global equities indices are trading with a better tone this week as risk sentiment continues to rebound. Asset markets are continuing to recover off the initial lows posted in the wake of the news of the Russian invasion of Ukraine. With the conflict still raging, heavy downside risks […]

• Nasdaq 100 broke resistance level 14400.00• Likely to rise to resistance level 15000.00 Nasdaq 100 index recently broke the resistance level 14400.00 (top of wave 4) and the 61.8% Fibonacci correction of the downward impulse (C) from February. The breakout of the resistance level 14400.00 accelerated the active short-term impulse wave 1. Nasdaq 100 […]

• Tesla broke resistance level 876.00• Likely to rise to resistance level 1000.00 Tesla recently broke the resistance level 876.00 (top of wave 1 from March) and the 38.2% Fibonacci correction of the downward impulse from January. The breakout of the resistance level 876.00 accelerated the active short-term impulse wave 3 of wave (C) from […]