Latest Market News
The Japanese yen remains exceptionally weak when paired with the US dollar. The current USDJPY exchange rate stands at 151.67. Yesterday, USDJPY came close to reaching 152.00. So, the yen is positioned near three-decade lows, having endured significant pressure. What comes next? Most probably, it will continue to decline because the fundamental background has not […]
TitleUS30USD H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference:Price could fall to our pivot point at 34194.1, which is a pullback support level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. Price could bounce off our pivot point to rise towards the 1st resistance at 34784.2, which is a swing high […]
The euro and British pound surged on Tuesday following the release of UK labor market statistics, which revealed an unexpected increase in employment in both the services and manufacturing sectors. Contrary to the consensus estimate of a 198,000-job reduction in August, employment rose by 54,000, a positive revision of the previous figure. Additionally, September saw […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the Kijun-Sen line. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower boundary of the Cloud at 1.2255 is expected, followed by a rise to 1.2425. A signal confirming the rise will be a […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0680. Extension of the range to 1.0705 is not excluded. Next, a decline to 1.0640 might follow. And with a breakout of this level, the pair might drop to 1.0622, from where the trend could continue to 1.0540. This is a local target. […]
TitleGBPUSD H1 | Reacting off resistance? TypeBearish Reversal Preference: Price is rising toward our pivot point of 1.22888 which serves as a swing-high resistance level A reversal from this point could lead the price to drop to the 1st support at 1.2223, an overlapping support level. Alternative scenario:However, if the price breaks above the pivot, […]