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EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD may is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.0490. However, an alternative scenario implies […]
Oil prices are falling in volatile trading.. Brent crude is near $112 Oil prices declined, during trading today, Tuesday, July 5, 2022, with increasing fears of supply disruptions, amid a possible production cut in Norway. Fears of a lack of supplies, in conjunction with an increase in demand for fuel, overshadowed a possible global recession […]
Type: Bullish RiseKey Levels:Resistance: 3.8663Pivot: 3.6472Support: 3.5036Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will drop and rise from the pivot at 3.6472 in line with the overlap support and 38.2% fibonacci retracement to the intermediate resistance at 3.7250 […]
Gold & Silver Threatening to Break LowerGold and silver prices have started the week under mild selling pressure. Both metals were knocked heavily lower last week amidst the resurgence in USD. While the Dollar failed to break out to fresh yearly highs, silver prices were seen plumbing fresh 2022 lows with gold prices breaking through […]
The Dow Jones Industrial Average’s DJIA, +1.05% early selloff Tuesday is unanimous, as the stocks of all 30 of the blue-chip barometer’s components are trading lower in the premarket. Dow futures YM00, -1.06% sank 327 points, or 1.1%, ahead of the open. Among the biggest early decliners, shares of Caterpillar Inc. CAT, -0.26% slid 1.8%, […]
Amid growing optimism of easing COVID-19 restrictions in Asia, which have been particularly strict given China’s zero-COVID policy, the seven-day average of hospitalizations slipped for the first time since mid-April and new cases also dipped. The daily average of new COVID-19 cases fell to 105,754 on Monday from 113,235 on Sunday, but was still up […]