Latest Market News
TitleUSDCAD H4 | Rising into resistance? TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.34846 which is a swing-high resistance that aligns with the 61.8% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.33823 which is an overlap support […]
USD Rally Quietens Crypto It’s been a quiet month for Bitcoin. Following the move in mid-July up to fresh highs for the year. The market has since corrected lower and has settled into a range between 27415 and 32185, currently trading around midway between the two levels. The uptick in USD over that same period […]
Smart Direct Broker (Clone of FCA Authorised Firm)
The BTC price remains stable at around 29,426 USD on Monday. From a technical perspective, the BTC price continues to trade within the same sideways channel observed two weeks ago. The risk of retesting the local minimum near 28,585 USD persists. Support lies at 28,600 USD, while resistance is at 30,300 USD. Due to reduced […]
The British pound sterling, paired with the US dollar, is holding its ground on Monday. The current GBPUSD exchange rate stands at 1.2694. According to the latest data, the UK economy grew by 0.2% in Q2 2023 in comparison to Q1 figures. This marks the highest quarterly growth in over a year. The Bank of […]
USDJPY Testing Key Level USDJPY is on watch this week as the pair retests the 145 level. This area has been touted as a line in the sand for the BOJ and should USDJPY continue to move higher, risks of fresh BOJ intervention grow stronger. This is the area where the bank stepped in last […]