Latest Market News
The Australian dollar, paired with the US dollar, has risen even further. The current AUDUSD exchange rate stands at 0.6565. The Aussie is appreciating gradually, steadily gaining ground. An important supportive factor is the local weakness of the US dollar, as the market awaits the release of the Federal Reserve’s latest meeting minutes this evening. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2605 is expected, followed by a rise to 1.2720. An additional signal confirming the rise might be a rebound […]
TitleHeading into 50% Fibonacci Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.62032 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.61177 which is an overlap support that aligns […]
TitleFalling to 38.2% Fibonacci Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.35095 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35323 which is a pullback resistance that aligns […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, the pair is expected to drop to the nearest support at 2/8 (0.6469). The scenario could be cancelled by rising above the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3600. Next, the price has a chance for breaking out the resistance and extending the uptrend. However, the quotes might correct to […]