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EURUSD has grown a bit on Tuesday. The current quote is 1.0810. With the fears of investors concerning the outbreak of a full-scale banking crisis fading into the background EURUSD is getting back its buyers. The stress from Friday gave a serious scare to the capital market. However, no more signals of problems in the […]

TitleDER30EUR, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching our pivot level of 15336.48 and could reverse from here, we could see momentum move price down to its 1st support of 15132.22. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 15480.16. To discuss this trading idea, […]

Daily Market Outlook, March 28, 2023 Banking Stress Recedes, Relief Rally In Bank Shares Supports Sentiment Following a mildly positive finish on Wall Street Asian equities have also posted modest gains overnight as risk sentiment remains buoyed by a belief that the banking stress of the past few weeks is starting to recede. The Fed […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is nearing the resistance line. In these circumstances, we expect the quotes to test 2/8 (0.6713), make a rebound off it, and fall to the support level of 0/8 (0.6591). […]

On Tuesday, the Australian dollar against the US dollar returned to growth. The current AUDUSD quote is 0.6690. Retail sales in Australia in February grew by 0.2% m/m as expected after growing previously by 1.8%. The index look neutral after sharp fluctuations at the end of last year and the beginning of 2023, while the […]

EURUSD, “Euro vs US Dollar” The currency pair has corrected to 1.0818. Today the market is forming a consolidation range under this level. A decline to 1.0690 is expected. And with a breakaway of this level downwards as well a pathway to a wave to 1.0550 should open. The target is local. GBPUSD, “Great Britain […]