Latest Market News
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating a possible ascending tendency; right now, the asset is rebounding from the resistance at 8/8. In this case, the price is expected to correct down to the support at 6/8. However, […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Stick Sandwich reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its rising impulse. In this case, the upside target remains the resistance area at 1840.00. At the same time, an opposite scenario […]
On Wednesday, Romania’s central bank raised its key interest rate by more than expected, predicting that inflation will hit double digits in the second quarter, fueled by rising energy prices, and will remain above goal for longer. The bank increased its key rate by 50 basis points to 2.50 % , keeping it at the […]
Uber Up NextAs US earnings season rolls on, Uber is up next to report today. The company has seen its share prices trending steadily lower since the highs printed early last year. The group saw strong performance over the peak of the pandemic with a record surge in food deliveries offsetting the drop in transport. […]
Cryptos On The ReboundFollowing months of heavy losses, cryptocurrencies are finally starting to rebound in February. BTC has now recovered almost 40% off the lows printed in January while ETH has climbed by almost 50%. Much has been made of the cascade we’ve seen since the all-time highs printed last year with many calling for […]
• Costco broke resistance level 526.40 • Likely to rise to resistance level 560.00 Costco continues to rise after the earlier breakout of the resistance level 526.40 (top of the previous waves (B) and (1)). The breakout of the resistance level 526.40 accelerated the active medium-term impulse wave (3). Given the clear daily uptrend – […]