EURUSD, “Euro vs US Dollar” On H4, near the resistance, EURUSD has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1.0850. However, the price may grow to 1.0950 and continue the uptrend without any correction to the […]
TitleUSDJPY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is currently at our pivot point at 132.692, which is an overlap support along with a 38.2% Fibonacci retracement. If the price were to reverse, it could drop to 1st support at 131.651 along with a 50% Fibonacci retracement. Alternative scenario:However, if the price breaks above […]
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The wide inflation rate in Germany fell in March to its lowest level since last summer. Details showed that the price index mostly decreased due to energy and raw materials. The key question is, has the deflationary process started? The overall rate decreased in March to 7.4% on an annual basis compared to 8.7% in […]
Daily Market Outlook, March 30, 2023 Nasdaq On The Cusp Of A New Bull Market Month and quarter end flows have seen Asian equity markets trade with a subdued tone, the upbeat finish on Wall Street failed to follow into the Asian session in any meaningful fashion as investors closed out positions, without any data […]
The British pound against the US dollar remains ready to grow. The current quote is 1.2316. The British statistics from yesterday demonstrated that the net volume of loans given to individuals in February had dropped to 2.2 billion GBP from 3.7 billion GBP previously. At the same time, the number of mortgage permits had grown […]