Latest Market News

Further Fed ‘Rate Pause’ Comments Yesterday was an important day for stocks with the passing of a deal to suspend the US debt ceiling until after the next election alongside further dovish Fed comments. Fed’s Harker voiced his support for a pause at the next meeting, echoing comments made earlier in the week by Fed’s […]

EURUSD, “Euro vs US Dollar” On H4, near the support level, the currency pair has formed an Engulfing reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target might be the resistance level of 1.0800. However, the price could drop to 1.0640 and continue the downtrend without […]

The BTC is holding near 27,179 USD on Friday. While there are no clear purchases, the support at 26,000 USD remains relevant. For the market to return to the strong growth zone, it needs to secure above 29,800 USD. Today’s trading day can be quite volatile due to the volume of important statistics from the […]

TitleXAUUSD H4 | Potential bullish reversal TypeBullish Bounce Preference: Price is falling to our pivot point of 1954.785 which  is an overlap support level that aligns with a 50% Fibonacci retracement, A reverse from here, price could rally to 1st resistance at 1966.088 which is a multi swing high resistance Alternative scenario:However if price breaks […]

TitleNZDUSD H4 | Potential Bullish Divergence TypeBullish Bounce Preference:Pirce is currently at our pivot point of 0.60064 which is a swing low support level. A bounce off from here, price could rally to 1st resistance at 0.61116 which  is a pullback resistance level  Alternative scenario:However, if price breaks below the pivot, it could fall to […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the upper border of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2465 is expected, followed by a rise to 1.2690. An additional signal confirming the rise will be a […]