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EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of decline to 1.0963. A correction to 1.0995 could follow today. After it is over, a decline to 1.0925 is expected, from where the wave could continue to 1.0888. The target is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]

Daily Market Outlook, May 2, 2023 Most major money center’s have reopened after May day public holidays, Wall Street traded in a tight range given the lower overall volumes, Asian equity markets are mixed as investors are positioning for a slew of Central bank meetings for the week ahead. Overnight the Reserve Bank of Australia […]

Title USDJPY H4 | React off 1st resistance Type Bearish Reversal Preference: Price is nearing our pivot point at 137.756 which is swing high resistance that lines up with -61.8% Fibonacci expansion. A reverse from here, price could drop to 1st support at 136.793 which is a pullback support level. Alternative scenario: However, If price […]

The Japanese yen against the US dollar has dropped to its local lows. The current quote is 137.52. The decision of the Bank of Japan to stick to its soft credit and monetary policy logically played against the yen. At the last BoJ meeting, the interest rate remained at -0.10% per annum. The yield curve […]

EURUSD, “Euro vs US Dollar” On H4, near the support level the pair has formed a Harami reversal pattern. The instrument could now go by the reversal signal in an ascending wave. The target for the growth will be 1.1060. However, the price may correct to 1.0950 and continue the uptrend after testing the support. […]

Last Friday oil bulls took the lead, boosting the oil prices above the level of 80. Oil is likely to rise even more and face resistance at the level of 87 soon. So, let’s observe what will happen. Gold remains at the psychological level of 20000, testing it from different directions. Should gold rebound from […]