Latest Market News

Aussie Wages Create Uncertainty The latest Australian wage growth data released overnight has made it a little harder markets to call the next RBA meeting. The quarterly reading came in below forecasts but was seen hitting fresh decade highs at 0.8%. Just below the 0.9% forecast, the reading offers some hope that upward wage momentum […]

Nikkei Breaks Above 30k The Nikkei has broken out to its highest levels since Q3 2021 this week. The index has been on a tear recently, printing gains of around 18% now for the year with around 6% worth of gains in May alone. One driver behind the move has been the BOJ’s reaffirmed commitment […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is testing the support area. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6650 is expected, followed by a decline to 0.6535. An additional signal confirming the decline will be a rebound from the upper border of […]

EURUSD, “Euro vs US Dollar” On H4, near the support level, the pair has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal pattern in an ascending wave. The correction target might be 1.0900. However, the price could go on falling to 1.0815 and continue the downtrend without testing the resistance […]

TitleEURUSD H4 | React off 1st resistance TypeBearish Reversal Preference:Price is approaching our pivot point at 1.0908 which is a pullback resistance level that aligns with a 23.6% Fibonacci retracement. A reverse from here, price could fall to 1st support at 1.08467 Alternative scenario:However, if price breaks above the pivot, it could rally to 1st […]

TitleGBPUSD H4 | A reverse from 38.2% Fibo TypeBearish Reversal Price is nearing our pivot point at 1.25356 which is a multi swing high resistance that aligns with a 38.2% Fibonacci retracement. A reverse from here, price could fall to 1st support at 1.24482 which is a multi swing low support level.  Alternative scenario:However,  if […]