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EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range above 1.0595. With an escape downwards, a pathway for a wave of decline to 1.0530 will open. After this level is reached, a link of correction to 1.0595 is not excluded (a test from below), followed by a decline to 1.0460. The […]
Daily Market Outlook, December 21, 2022 The Bank of Japan’s surprise announcement regarding a modification in its yield curve control policy, by widening its 10-year target to a plus or minus 0.5% versus its prior plus or minus 0.25%, has left markets grappling with the implications as the global anchor of rates is finally lifted, […]
Type: Bearish Drop Key Levels:Resistance:3.9600Pivot:3.6885Support:3.5545 Preferred Case:Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line […]
Is the Festive Season a A Good Time to Trade? If you celebrate Christmas but you are also interested in forex trading, then you will probably thinking if it is good time to trade or not. In fact, holiday periods aren’t good for Forex traders as many people take time off. This makes the forex […]
Cryptocurrencies have returned to sideways movements. On Wednesday, the BTC is balancing near 16,842 USD and growing purely symbolically. Technically speaking, the BTC may rise to 17,500 USD but needs to use the day impulse for this. Otherwise the market will remain without course. For now, buyers are quite unlucky. However, they have enough strength […]
The market major has been consolidating in a narrow range for several days. The current quote is 1.0620. As was said earlier, EURUSD investors have already got all the facts they might need. Theoretically, situation there must be stable until Christmas. The statistics from yesterday was quite curious. For example, new house foundations in the […]