News

Headline CPI Drops But Not As Much As Expected The latest UK inflation data today offered some hope for consumers. Headline CPI was seen dropping back to 8.7% last month, down from 10.1% the prior month. This marks the first time that UK inflation has been back in single digits since August last year.  However, […]

The New Zealand dollar has weakened markedly against the US dollar. The current quote is 0.6140. The Reserve Bank of New Zealand raised its interest rate by 25 basis points at its May meeting and made it clear that it no longer intends to raise the rate as part of its fight against inflation. This […]

EURUSD, “Euro vs US Dollar” EURUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0795 is expected, followed by a decline to 1.0645. An additional signal confirming the decline will be a rebound from the upper border of […]

TitleXRP H4 | Bounce from 38.2% Fibo TypeBullish Bounce Preference:Price could approach the pivot point of 0.45 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.47. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 0.44. To discuss this trading […]

TitleUSDJPY H4 | React off resistance TypeBearish Reversal Preference: Price is approaching our pivot point of 138.714 which is a multi-swing high.  A reverse from here, price could fall to 1st support at 137.66 which is an overlap support level. Alternative scenario:However, if price breaks above the pivot, it could drop to 1st resistance at […]

XAUUSD, “Gold vs US Dollar” Near the support level, gold has formed an Inverted Hammer reversal pattern. Currently, the instrument could go by the reversal pattern in an ascending wave. The growth target might be 1975.50. Upon testing the resistance, the price could rebound from it and continue with the downtrend. However, the quotes could […]