Latest Market News
The Australian dollar has stabilised against the US dollar. August is closing with a 3% pullback The current AUDUSD exchange rate stands at 0.6479. The weakening of the US dollar has worked in favour of the Aussie. Recent economic data from the US has strengthened investor confidence that the Fed is unlikely to continue with […]
The major currency pair strengthened on Thursday. The current EURUSD exchange rate stands at 1.0920. The statistics published yesterday in the US were pessimistic, illustrating economic sentiment at times of high interest rates. The market interpreted the data as a signal of the Federal Reserve potentially reconsidering raising the interest rate. In general, everything is […]
The dollar rebounded on Thursday after several waves of sell-offs on Tuesday and Wednesday as US economic activity data released over the past two days pointed to potential negative momentum in the economy. Market sentiment was mainly influenced by JOLTS data on vacancies, the Conference Board consumer confidence index and the second estimate of US […]
TitleEURUSD H4 | Falling toward support level? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.09301, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.08052, a pullback support level. Alternative scenario: However, if the price breaks […]
EURUSD, “Euro vs US Dollar” EURUSD has corrected to 1.0943. Today the market is forming a consolidation range under this level. An escape from the range downwards might lead to a link of decline to 1.0860. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a wave of correction to 1.2744. Today a consolidation […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF have broken the 200-day Moving Average on H4 and are now below it, revealing a possible development of a downtrend. The RSI is testing the resistance line. In this situation, a rebound from 8/8 (0.8789) is expected, followed by a decline to the support level of 7/8 (0.8728). […]