Latest Market News
The Japanese yen is actively strengthening against the US dollar. The current USDJPY quote stands at 148.57. The yen is currently at a one-month high, made possible by the weakening of the US dollar. The market believes that, due to deteriorating economic conditions, the Federal Reserve may decide to cut interest rates this year. These […]
EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0880 is expected, followed by a rise to 1.0985. An additional signal confirming the rise might be a rebound from the lower boundary of […]
TitleGBPJPY H4 | Bearish continuation TypeBearish Breakout Preference:GBPJPY is on a downtrend, it could break below the pivot at 189.034, the swing-low support that aligns with 38.2% Fibonacci retracement. From there, it could continue to fall to 1st support at 187.424, the overlap support which aligns with 61.8% Fibonacci retracement Alternative scenario:Price might rise to […]
TitleUS30 H4 | Bullish bounce TypeBullish Bounce Preference:US30 could fall to the pivot point at 38477.71, from there it could potentially bounce off the pivot and rise to the 1st resistance at 38772.49, the overlap resistance. Alternative scenario: It could potentially break below the pivot and fall to the 1st support at 38220.6, the swing-low […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave to 1.0914. A consolidation range is expected to form around the 1.0899 level today. With a downward escape from the range, a correction structure could target 1.0884 (testing from above). When the correction is over, a growth structure to 1.0919 is not […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target could be 2135.00. After testing the support, the price might rebound and maintain its upward trajectory. However, the quotes could rise to 2180.00 without a correction. […]