Latest Market News
TitleUS30USD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 32947.54 and potentially reverse from here, we could see momentum carry price down to its 1st support of 32227.7. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 33445.54. To discuss this trading idea, […]
In an unexpected turn of events, Dogecoin, the cryptocurrency that originated as a lighthearted joke, witnessed a substantial increase of more than 30% in its value after Twitter chose to swap its logo with the iconic Shiba Inu dog symbol associated with Doge. The Dogecoin community on Twitter couldn’t contain their excitement when they saw […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the correction might be 1.3495. Then the price could rebound from this level and continue the downtrend. However, the quotes may drop to […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, AUDUSD quotes have broken the 200-day Moving Average and are now above it, hinting on possible development of an uptrend. The RSI is testing the support line. In these circumstances, we expect the price to rise above 3/8 (0.6774) and afterwards grow to the resistance at 4/8 […]
TitleDXY H4 | Fibo confluence TypeBearish Reversal Preference:Price is approaching our pivot at 102.7001, which has 3 fibo confluences: a 78.6% Fibonacci retracement, a 127.20% Fibonacci extension, and a 61.8% Fibonacci projection, as well as a descending trendline. If the price were to break above the pivot point, it could potentially push up to the […]
Over the weekend, some members of the oil alliance OPEC+ announced that they’ll be producing less oil in the second half of 2023. This shocking news came before a joint ministerial meeting that was scheduled for today and caught the markets off guard, causing prices to jump up by over 6% and creating a frenzy […]