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BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue moving upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the asset breaks the support […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the resistance area. At the moment, EURUSD is reversing and may form a new descending impulse. In this case, the downside target may be at 1.0970. However, an alternative scenario implies that […]
The Bank of England raised rates by 25 bp up to 0.75%, broadly in line with market consensus. Eight members out of nine voted in favor of the hike, one voted to leave the rate unchanged. Compared to the February meeting, officials’ opinions were divided much less hawkishly: at that time, four officials voted for […]
Type: Bearish MomentumKey Levels:Resistance: 220.95Pivot: 213.75Support: 200.60Preferred Case:Price is near pivot level of 213.75 in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Price can potentially move towards the 1st support level which is graphical swing low support. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.Alternative Scenario:Price could […]
• CHFJPY broke key resistance level 127.00• Likely to rise to resistance level 129.00 CHFJPY recently broke the key resistance level 127.00 (previous multi-month high from January – which stopped the previous impulse wave (5)). The breakout of the resistance level 127.00 accelerated the active medium-term impulse wave (3). CHFJPY can be expected to rise […]
The crypto exchange admitted to operating in the province without registration after saying it would stop. 1126 Total views 22 Total shares Binance confirmed in an undertaking to the Ontario Securities Commission, or OSC, in Canada dated Wednesday that the crypto exchange will cease activities involving Ontario residents. Binance will also stop opening new Ontario […]