Latest Market News
The U. of Michigan data released on Wednesday showed that inflation expectations in the US remained sticky in November, blurring the benign outlook that has been adopted by the market after the dovish November CPI report. US household inflation expectations accelerated to 4.5% in November, beating the estimate of 4.4% advancing by 0.3% compared to […]
TitleUSDCAD H4 | Bearish reaction off pivot? TypeBearish Reversal Preference:Price is approaching a 127.2% fibo extension now, and could react off our pivot point at 1.3664, which is a pullback resistance level. If price reacts bearishly, then we can expect price to fall to the 1st support at 1.3630, which is a swing low support […]
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold above the signal lines of the indicator. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.0870 is expected, followed by a rise to 1.1055. An additional signal confirming the rise will […]
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 decline target could be 1.3600. Next, the price might break the support level and continue its downward movement. However, the quotes could pull back to […]
TitleEURUSD H4 | Bearish reversal off 78.6% fibo? TypeBearish Reversal Preference: Price is rising towards our pivot point at 1.0957, which is a swing high resistance level, aligning with the 78.6% fibo projection. If price reacts bearishly, then we can expect price to fall to the 1st support at 1.0882, which is an overlap support […]
TitleGBP/USD H4 I Bearish continuation expected? TypeBearish Drop Preference: The price is falling toward our pivot point of 1.2511, which serves as a pullback resistance level. A reverse from this point could lead the price to fall to the 1st support at 1.2454, a swing low support. Alternative scenario: However, if the price breaks above […]