Latest Market News

  USD Falls Following Jobs Data Bitcoin prices are back in the green on Monday with BTC futures breaking out to fresh all-time highs. The move comes amidst a weakening of the US Dollar on the back of a mixed set of US jobs data on Friday. While the headline NFP reading came in above […]

TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price is rising towards the pivot point of 1.34940 which is a potential breakout level and could climb higher from here; we could see momentum carry price up to its 1st resistance at 1.35178 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level. Alternative scenario:If […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 1.3515. Next, the price could break the resistance and extend the uptrend. However, the quotes might correct to 1.3430 before growing. AUDUSD, […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has extended a consolidation range upwards to 1.0980. A decline wave structure is forming towards 1.0918. Next, a growth link to 1.0949 is not excluded, after which a new decline wave to 1.0888 could begin. This is a local target. GBPUSD, “Great Britain Pound vs US Dollar” […]

TitleGBPUSD H1 | Dropping to support? TypeBearish Drop Preference: Price is currently at the pivot point of 1.2849, an overlap resistance. A drop from this level could lead the price to fall to 1st support at 1.2761, a pullback support level. Alternative scenario:  If the price breaks above the pivot, it could rise to 1st […]

GBP Breaking Out The British Pound is attempting to breakout against the US Dollar with GBPUSD currently testing YTD highs. USD has moved lower recently in line with worsening US economic data and the view that the Fed might cut rates as soon as June. Friday’s US labour market readings showed a sharp drop in […]