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USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is testing the descending trendline. As a result, we should expect a test of 1/8 (139.06), a breakaway of it, and falling to the support level of 0/8 (137.50). The […]

• USDCAD reversed from support level 1.3215 • Likely to fall to resistance level 1.3400 USDCAD recently reversed up from the key support level 1.3215 (previous monthly high from the start of July), lower daily Bollinger Band, intersecting with the 38.2% Fibonacci correction of the downward impulse from October. The upward reversal from the support […]

• Tesla reversed from resistance level 200.00 • Likely to fall to support level 180.00 Tesla recently reversed down from the round resistance level 200.00 (previous monthly low from the middle of October), intersecting with the 38.2% Fibonacci correction of the downward impulse from October. The downward reversal from the resistance level 200.00 continues the […]

UK CPI Soars Again The latest UK economic data today makes for troubling reading. CPI was seen spiking higher to 11.1% in October, well above the 10.7% the market was looking for. Marking a full 1% jump from the prior month, this reading brings UK inflation back to its highest level in 41 years. The […]

Technical & Trade View EURUSD Trade View 1.0467 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.0285 Technicals Primary support is 1.0285 Primary upside objective is 1.0620 Next pattern confirmation, acceptance above 1.05 Failure below 1.0270 opens a test of 1.0165 20 Day VWAP bullish , 5 Day VWAP bullish Today’s New York […]

Volatility in the BTC has somewhat subsided. On Wednesday, it is mainly fluctuating near 16,860 USD. Buyers are very cautious, minimum active. As expected, the market will need a lot of time to acquire at least some balance at the platform. After the story with Binance and FXT investors remain noticeably stressed out. Even more […]