Latest Market News

The Japanese yen against the US dollar on Wednesday is declining moderately. The current quote is 131.79. In his speech today, the acting head of the Bank of Japan Haruhiko Kuroda mentioned that the country had come closer to the inflation target of 2% than before. At the same time, wages are getting under more […]

EURUSD on Wednesday keeps growing. The current quote is 1.0840. As long as investors are calming down about the prospects of a banking crisis in the US and Europe, the start paying more interest to EURUSD. According to the statistics from yesterday, the Conference Board CCI in the US in March grew to 104.2 points […]

EURUSD, “Euro vs US Dollar” The currency pair goes on developing a consolidation range around 1.0830. The range could extend to 1.0860. Then we expect a decline to 1.0770. And if this level breaks as well, a pathway down to 1.0690 could open. The target is local. GBPUSD, “Great Britain Pound vs US Dollar” The […]

USDJPY, “US Dollar vs Japanese Yen” On H4, USDJPY quotes are under the 200-day Moving Average, which means the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, the level 4/8 (131.25) could break downwards, and the price could fall to the support level 2/8 (128.12). The scenario can be […]

TitleGBPUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching our pivot level of 1.23439 and could reverse from here, we could see momentum move price down to its 1st support of 1.22137. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1.24257. To discuss this trading idea, […]

TitleWTI H4| Fibonacci  Confluence TypeBearish Reversal Preference:The price is currently at our pivot level of 78.04, which coincides with an overlap resistance, the 50% Fibonacci retracement, and the 78.6% Fibonacci projection. If it drops, 1st support level is at 74.77, which also aligns with the 50% Fibonacci retracement Alternative scenario:On the other hand, if price […]