Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD has formed a consolidation range around 1.0980 and, breaking it downwards, continues developing a structure of decline to 1.0914. After the price reaches this level, a link of correction to 1.0980 is not excluded (with a test from below). Next, a decline to 1.0890 is expected, from where the […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are under the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is testing the support line. In these circumstances, a downward breakout of 3/8 (1.0925) is expected, followed by a decline to the support at 2/8 (1.0864). The scenario can be cancelled by […]
Asian markets tumbled on Monday, with the Chinese yuan nearing its lowest level since the end of June (also the year’s minimum). Caution dominates European exchanges and US equity futures. China’s 5-year credit default swap rate rose 5 basis points on Monday, reflecting the growing concerns in the country’s financial sector, particularly the increasing risk […]
TitleUSDJPY Day | Potential bearish reversal? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 145.052 which is a swing high resistance level. A reverse from here, price could fall to 1st support at 143.529 which is a pullback support level. Alternative scenario:However, if price breaks above the pivot, it could push to […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.0945 is expected, followed by a decline to 1.0805. An additional signal confirming the decline will be a rebound […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Inverted Hammer reversal pattern near the support level. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 1925.00. Upon testing the resistance, the price could rebound from it and continue the downtrend. However, the quotes could drop […]