Latest Market News
China COVID Cases Rising AgainFears are growing over the potential for fresh lockdowns in China amidst report of a new surge in COVID cases there. Following the recent removal of social restrictions which had been in places in regions of China for months earlier this year, the government is now battling a fresh outbreak with […]
Type: Bullish RiseKey Levels:Resistance: 0.63190Pivot: 0.62480Support: 0.61865Preferred Case:On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 0.62480 in line with the swing high resistance and 61.8% fibonacci retracement. Once we have upside confirmation that […]
EURUSD is quite calm early in the week but is yet expected to continue falling. The major currency pair is stable on Monday. The current quote for the instrument is 1.0433. Today’s trading session is promising to be calm – the US is celebrating Independence Day and the economic calendar is rather empty. All major […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0365 along with the correction up to 1.0440, EURUSD continues falling towards 1.0354. Later, the market may correct to reach 1.0484 and then resume trading downwards with the target at 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at […]
Type: Bearish MomentumKey Levels:Resistance: 1.0791Pivot: 1.0668Support: 1.0364Preferred Case:On the H4, with price moving in a descending trendline on the RSI and price recently breaking the ascending trend channel, we have a bearish bias that price will drop form the pivot at 3834.00 in line with the 50% fibonacci retracement to the 1st support at 3641.25 […]
Type: Bearish MomentumKey Levels:Resistance: 1579’0Pivot: 1495’2Support: 1426’0Preferred Case:On the H1, with price moving below the ichimoku cloud , we have a bearish bias that price will drop to the pivot at 1495’2 in line with the swing low support. Once we have downside confirmation that price has broken past pivot structure, we would expect bearish […]