Latest Market News
EURUSD, “Euro vs US Dollar” The EURUSD pair completed a decline wave to 1.0900 and corrected to 1.0941. Practically, the market set the frames for a consolidation range. A decline link to 1.0878 is expected today. If this level breaks, the trend might extend to 1.0815, from which level a wave structure could reach 1.0778. […]
LSE News Sends Bitcoin Higher Bitcoin prices are softening a little over early European trading on Tuesday following another strong rally yesterday which saw BTC futures breaking out to fresh, record highs above the $73k mark. Yesterday’s rally came amidst news that the London Stock Exchange has opened the door to UK Bitcoin ETFs. On […]
TitleCADJPY H4 | Bearish reversal TypeBearish Reversal Preference:The price is rising toward the pivot point of 109.54, a pullback resistance that aligns with the 38.2% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 108.67, a multi-swing low support level Alternative scenario:If the price breaks above the […]
The EUR/USD pair made modest gains during the early European session, buoyed by unrevised German inflation data that fell in line with expectations, registering a 2.5% year-on-year increase. This minor uptick comes in anticipation of the upcoming US CPI inflation data, a pivotal event that could potentially sway market sentiments. The chart below indicates that […]
FTSE Breaking Out The FTSE is breaking higher today on the back of the latest UK economic data released this morning. The ONS reported that in the three months to January, UK wage growth slowed to 5.6% from 5.8% prior, this marks the lowest level of earnings increases since October 2022. Additionally, the unemployment rate […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, which indicates a prevailing uptrend. The RSI has rebounded from the support level. In this situation, the price is expected to surpass the 5/8 (0.6622) level, subsequently reaching the resistance at 8/8 (0.6713). The scenario could be cancelled by […]