Latest Market News
TitleNZDJPY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price has just reacted off our pivot point of 89.684 which is a multi swing high resistance. a reverse from here, price could fall to 1st support at 88.969 which is a pullback support level that aligns with 38.2% Fibo retracement. Alternative scenario:However, if price breaks above […]
The major currency pair is slightly retreating on Wednesday on low volatility and anticipation of the Fed minutes. The current EURUSD quote is 1.0880. The past two days have been quiet and calm for the currency section: Monday was a shortened business day in the US, and Tuesday was a public holiday due to Independence […]
The Australian dollar, paired with the US dollar, has been slipping down consistently on Wednesday. The current AUDUSD quote is 0.6684. The previous trading session proved to be quite volatile for the Australian dollar due to the Reserve Bank of Australia’s decision to keep the interest rate unchanged at 4.10% per annum. However, by the […]
Record Gains for Tech Stocks The Nasdaq recorded its strongest H1 in 40 years this year with a 32% gain. The US tech index has bene bolstered over the year so far by shifting Fed expectations and resilient US economic data which has pushed back against those warning of an incoming recession. Growing expectations earlier […]
TitleEURJPY H4 | Bullish bounce off pullback support TypeBullish Bounce Preference: Price could approach the pivot point at 156.769 and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 158.47. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 155.171. To discuss […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has rebounded from the support line. In these circumstances, the price is expected to break the level of 5/8 (145.31) and rise to the resistance at 6/8 (146.87). The scenario can be cancelled […]