Latest Market News

EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of the 2/8 (1.0864) level is expected, followed by a price decline to the support at 1/8 (1.0803). The scenario might […]

TitleEURUSD H1 | Falling to support level? TypeBearish Drop Preference:Price is currently at the pivot point of 1.0994, an overlap resistance, A reverse from this point could cause the price to fall to 1st support at 1.0875. a multi-swing low support level. Alternative scenario:If price breaks above the pivot, it might rise to 1st resistance […]

BOJ in Focus for JPY The big focus across early European trading on Monday is the upcoming BOJ meeting due to take place overnight tonight. While the BOJ is not expected to make any changes to its current ultra-loose rates regime, action in the options market shows that there are plenty of defensive plays being […]

EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0905 is expected, followed by a decline to 1.0775. The decline could be additionally supported […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Doji reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The correction target might be 1.3500. Next, the price could get the chance for a rebound from this level and further development of a downtrend. However, the […]

The Japanese yen, paired with the US dollar, has temporarily stopped to decline. The current USDJPY exchange rate stands at 148.04. The market is filled with uncertainty ahead of Tuesday’s Bank of Japan meeting. On the one hand, it is evident that the interest rate will remain negative – the assessment of inflation is still […]