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USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Shooting Star reversal pattern. The instrument is now going by the signal in a descending wave. The target of the correction might be 1.3535; later the price might push off it and continue growing. However, the price may rise to 1.3655 without […]

Bitcoin has approached the uptrend. Now, the asset is trying to form an engulfing. Bitcoin is likely to face resistance at the level of 25500, break this level, and jump. It would be interesting to observe the price movements below this level to understand what is about to happen next. Silver has approached a very […]

Title DXY, H4 | Potential reversal from key resistance Type Bearish Reversal Preference: Price is testing our pivot at 104.22 which is an overlap resistance. Reversing from here could see it drop to our 1st support at 103.45 which lines up with our 38.2% Fibonacci retracement. It’s worth noting that price has recently broken our […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0576. The target is local. Today a correction to 1.0620 might form. After it is over, a decline to 1.0563 should follow. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a structure of decline to 1.1924. […]

EURGBP, “Euro vs Great Britain Pound” EURGBP has pushed off the upper border of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 0.8840 is expected, followed by growth to 0.8955. An additional signal confirming the decline will be […]

Daily Market Outlook, March 3, 2023 Markets look To Close Out The Week On A Firmer Footing Driven By Fed ‘Pause’ Hope Asian equities followed Wall Street’s positive lead and were mostly higher following on from the positive close stateside, driven by yet another round of optimism regarding the potential for a Fed pause, this […]