Latest Market News
Bitcoin has gained the required support at the level of 25000 and formed a hammer. The asset is likely to head north and face resistance at the level of 29000 soon. So, let’s observe what is going to happen. The price of Brent oil has reached the resistance level of 89.00. The asset might either […]
Unauthorised firm details Name: SpringWellFx Address: 6595 Boles Road Johns Creek, GA 3009 Email: [email protected] Website: www.springwellfx.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the […]
The major currency pair declined on Friday. The current EURUSD exchange rate stands at 1.0840. The US dollar is experiencing increased demand due to the cautious approach taken by major central banks regarding their September interest rate decisions. The US dollar’s strong rally and its significant fluctuations can be exhausting for investors. As market observers […]
GDP Undershoots The US Dollar rout continues this week ahead of the all-important NFP release tomorrow. DXY took another leg lower as the prelim Q2 US GDP reading yesterday came in below expectations at 2.1% vs 2.4% prior and expected. This marks the latest in a string of tier-one data points to undershoot expectations and […]
TitleUS30USD H4 | Bearish reversal off 161.8% fibo? TypeBearish Reversal Preference:Price is currently in a bullish momentum, and could potentially rise towards the pivot point at 35079.5, which is an overlap resistance and 161.8% fibo extension. If price reacts bearishly at the pivot point, we can then expect price to fall to the intermediate support […]
Brent Brent quotes are nearing the overbought area on H4, with the RSI already in the overbought area. In these circumstances, the price is expected to break the 8/8 (87.50) level, rebound from it, and drop to the support level at 6/8 (84.38). The scenario can be cancelled by a breakout of the resistance level […]