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USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI is nearing the resistance line. As a result, we expect a test of 4/8 (131.25). Then it should break, and the price should fall to the support at 3/8 (129.68). The […]

UK Inflation Jumps in Feb  The latest set of UK inflation figures has thrown a spanner in the works for the BOE ahead of tomorrow’s keenly awaited March rates meeting. Traders had been increasingly expectant that the BOE might pause rates this time around, or hike by a smaller .25% and signal a pause thereafter. […]

TitleDXY H4 | Potential reversal TypeBullish Bounce Preference:The price has bounced off from the pivot point at 102.5703, which is slightly above a 61.8% Fibonacci retracement. If the price were to reverse from this level, it could potentially move up towards the 1st resistance at 103.5574, which is a swing high resistance level. Alternative scenario:On […]

In a move that has shaken the global financial markets, UBS has agreed to purchase its domestic rival, Credit Suisse, for 3 billion Swiss francs ($3.25 billion). Despite the bold proclamations from Swiss authorities and central banks about a return to stability, the deal does not appear to have laid to rest concerns about systemic […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target of the growth might be 1.3760; next, the price might break it and go on growing. However, the price may pull back to 1.3665 before […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of growth to 1.0787. At the moment, a consolidation range is forming around this level. We expect an escape of the price from the range downwards and further development of the wave to 1.0650. The target is first. After the price reaches this […]