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Bitcoin is still undergoing correction. The asset has closely approached the supporting level of 25200. Bitcoin is likely to rebound from this level and jump. It might also break the support. So, it might be interesting to observe the price movements next to this level. Silver has dived under the supporting level of 24.75, forming […]

EURUSD, “Euro vs US Dollar” EURUSD has secured under the Tenkan-Sen line of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0905 is expected, followed by a decline to 1.0735. An additional signal confirming the decline will be a rebound from the […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target might be 1.3420. Next, the price has a chance to break the level and continue the downtrend. However, the quotes could correct to […]

Daily Market Outlook, May 16, 2023 Asian equities have had a mixed trading session overnight, with the positive momentum from Wall Street failing to be sustained. US regional banks experienced a short squeeze, driving stocks higher. However, the upside was limited due to concerns over the debt ceiling and a disappointing NY Fed Manufacturing survey. […]

Next Round of Talks on Watch  US debt ceiling negotiations continue today and focus is on the US Dollar given the two-way risks around the issue. Given the lack of progress so far, there are limited expectations that any resolution will be agreed today. As such, USD might trade higher into the middle of the […]

TitleXAUUSD | H4 | Reverse from 78.6% Fibo TypeBearish Reversal Price is moving up to our pivot at 2025 which lines up with a 61.8% Fibonacci retracement. A reverse from here, price could fall to 1st support 2005.845 which is an overlap support.  Alternative scenario:However, if price breaks above the pivot point, price could rally […]