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EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. At the current stage, the instrument is going by the reversal signal in an ascending wave. The pullback target might be the resistance level of 1.0700. However, the price could fall to 1.0590 and continue the downtrend […]
Brent Brent quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above 8/8 (93.75), amounting to the resistance level of +1/8 (95.31) later. The scenario can be cancelled by a downward breakout of […]
The price of silver is slowly rebounding back to the downtrend. The asset’s price might potentially rebound again at the crossing point of the downtrend and resistance level of 25.00 and drop. Hence, you could follow the price movements and candlestick formations next to the abovementioned levels. Let’s observe what might happen next. The currency […]
BOJ Holds Steady The Japanese Yen has come under fresh selling pressure today on the back of the September BOJ meeting yesterday. The Bank of Japan held rates unchanged at yesterday’s meeting, in line with expectations. Explaining its decision, the bank cited the “extremely high uncertainties” facing both the domestic and global economy and noted […]