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Oil Price Boost  Shares in US energy company Phillips 66 are surging higher ahead of the US open today on the back of a solid 6.5% gain yesterday. The rally comes on the back of the recent OPEC+ production cut announcement which has seen oil prices increasing and many players revising higher their oil price […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a link of decline to 1.0906. Today the market is forming a consolidation range around this level. The price could decline to 1.0840. Next, a link of growth to 1.0960 is not excluded. After the price reaches this level, a wave of decline to 1.0780 […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes have rebounded from 0/8 (0.9033), which indicates probable development of a correction. The RSI has broken the resistance line. In this situation, a test of 1/8 (0.9094) is expected. Then the price could break it and grow to the resistance at 2/8 (0.9155). The scenario […]

TitleAUDUSD H4 | Aussie pulling back towards a key suppport TypeBullish Bounce Preference:Price is approaching our pivot level of 0.66718 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.67589. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 0.66369. To […]

Daily Market Outlook, April 06, 2023 Markets Winding Down, Could Labour Data In The US Spoil The Holiday Spirit? Asian equities are trading with a subdued tone heading into the holiday weekend with most money centres winding down for early closure tomorrow. The risk tone has softened in the past couple of sessions driven by […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0855 is expected, followed by growth to 1.1085. An additional signal confirming the decline will be a rebound from […]