Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the support area at 1.0805; it managed to test the March low but not break it. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0845 and then […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the resistance level, USDCAD is reversing in the form a new descending impulse. In this case, the downside target may be at 1.2510. However, an alternative scenario implies that the asset may correct […]
The DC-based non profit believes the SEC is making a gross overreach with its new proposed definition of exchange as it would include the means of communication and not just trade. 767 Total views 29 Total shares Nonprofit blockchain advocacy group Coin Center has called the Securities and Exchange Commission’s (SEC) proposed redefinition of an […]
Former Treasury Secretary Larry Summers, whose out-of-consensus views about the risks of persistent inflation have come true, is reiterating his concerns about a potential U.S. downturn: He now says a recession is “the most likely thing” partly because the Federal Reserve “is going to have to keep going [in its effort to subdue inflation] until […]
Type: Bullish BounceKey Levels:Resistance: 1.26644Pivot: 1.5541Support: 1.24303Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1.26644 in line with the 50% Fibonacci retracement and the swing high resistance from our pivot at 1.5541 in line with the 50% Fibonacci retracement and horizontal […]
CADCHF Eyeing Key LevelCADCHF is sitting at an interesting level here. Following the breakout above the .7367 highs, price has stalled into a test of major resistance at the .7496 level and is now sitting in a block of consolidation between the two level. .7496 has been a major ceiling for the pair over the […]