Latest Market News
USDCHF, “US Dollar vs Swiss Franc” USDCHF has found a foothold under the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.8535 is expected, followed by a rise to 0.8995. An additional signal confirming the rise might be a rebound from the […]
TitleGBPJPY H4 | Potential bullish bounce TypeBullish Bounce Preference:The price could reverse to the pivot point at 188.246, the overlap support that alings with 38.2% Fibonacci retracement. It could bounce off the pivot and rise to the 1st resistance at 190.068, the swing-high resistance. Alternative scenario:Price could break out of the pivot and fall to […]
TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 17,041.06 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 16,822.55 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Alternative scenario: […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target could be the 1.3520 level. Next, the price might rebound from the support and extend the uptrend. However, the quotes could rise to […]
The Australian dollar, paired with the US dollar, has halted its decline. The current AUDUSD exchange rate stands at 0.6486. This morning, Australia released employment market statistics, which turned out to be relatively weak. Such data confirms fairly soft expectations for the country’s monetary policy outlook. The unemployment rate rose to 4.1% in January. Employment […]
Core CPI Rises The US Dollar is pushing higher midweek on the back of yesterday’s US inflation figures. Annualised headline CPI was seen at 3.1% last month, lower than the 3.4% seen a month prior but above the 2.9% the market was looking for. Month on month, headline CPI was unchanged at 0.3%. However, core […]