Latest Market News

EURUSD, “Euro vs US Dollar” On H4, near the support level, the pair has formed a Hammer reversal pattern. The instrument is currently going by the reversal signal in an ascending wave. The growth target could be 1.1100. However, the price may correct to 1.1010 and continue the uptrend after testing the support. USDJPY, “US […]

Title USDJPY H1 | Bounced off 1st support Type Bullish Breakout Preference: Price is currently at our pivot 134.47 which is a pullback support level that lines up with 78.6% Fibonacci retracement. A bounce from here price could pish up to 1st resistance at 135.103 which lines up with 23.6% Fibonacci retracement Alternative scenario: However, […]

Daily Market Outlook, May 4, 2023 As widely expected the US Federal Reserve raised interest rates by 25bps at their meeting last night, in his press conference the Fed Chief Powell was reticent about the notion of any Fed rate cuts into the back of the year, Powell’s rhetoric during the press conference certainly hinted […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.3530 is expected, followed by a decline to 1.3345. An additional signal confirming the decline will be a rebound from […]

EURUSD, “Euro vs US Dollar” The currency pair completed a declining wave to 1.0985. Today the market has performed a link of growth to 1.1044. A consolidation range is forming around this level at the moment. If the price escapes the range upwards, it may rise to 1.1077. If the range breaks downwards, the potential […]

Traders Brace For ECB Today’s ECB meeting holds the potential to create plenty of fireworks. On the back of the Fed signalling a pause along with yesterday’s .25% hike, the ECB is expected to push ahead with its own .25% hike. However, the bank is expected to retain a more hawkish tone than the Fed […]