Latest Market News
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is nearing the support line. In these circumstances, a rebound from 3/8 (1.0925) is expected, followed by a rise to the resistance at 5/8 (1.1074). The scenario can be cancelled by a […]
The BTC exchange rate is hovering around 26,415 USD on Monday. It has seen a decent rise compared to Friday’s levels, and there are fundamental reasons for it, but the cryptocurrency still appears shaky. The sellers have eased their pressure. At least the key trigger that had been weighing on prices in recent weeks has […]
Bitcoin rebounded from the supporting level of 25200 and formed the hammer at the end of the trading week. The asset is likely to enter the resistance zone formed between levels 30000 and 31000, rebound, and drop. So, Bitcoin is now in the range as can be seen in the figure below. Brent oil is […]
Mixed BOE Expectations On the back of the Fed and ECB meetings last week, the BOE steps into the limelight this week. Traders are widely expecting the bank to push ahead with a fresh rate hike this month. However, beyond that point, expectations are more mixed. Some players are looking for the bank to press […]
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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2755 is expected, followed by a rise to 1.3065. An additional signal confirming the rise will be a rebound from the lower […]