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The Australian dollar, paired with the US dollar, is observing the situation and is hardly moving on Wednesday. The current exchange rate for AUDUSD stands at 0.6613. Stronger-than-expected US price statistics exerted pressure on all currencies except the US dollar. These data worsened the prospect of the US Federal Reserve initiating a phase of monetary […]
The primary currency pair remains under pressure on Wednesday. The current exchange rate for EURUSD stands at 1.0925. Following the release of a stream of US price statistics, the market began favouring the dollar again. Investors were prompted to revise their expectations regarding this year’s interest rate prospects as inflation proved stronger than anticipated. The […]
TitleEURUSD H1 | Bearish reversal? TypeBearish Reversal Preference:Price rises toward the pivot point of 1.0931, an overlap resistance close to 78.6% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.0899, a pullback support level Alternative scenario: If the price breaks above the pivot, it could rise […]
TitleGBPUSD H1 | Falling to support level? TypeBearish Drop Preference: Price has just reacted off the pivot point of 1.2789, an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.2729, an overlap support level. Alternative scenario: If the price breaks above the pivot, it […]
EURUSD, “Euro vs US Dollar” The EURUSD pair completed a decline wave to 1.0900 and corrected to 1.0941. Practically, the market set the frames for a consolidation range. A decline link to 1.0878 is expected today. If this level breaks, the trend might extend to 1.0815, from which level a wave structure could reach 1.0778. […]
LSE News Sends Bitcoin Higher Bitcoin prices are softening a little over early European trading on Tuesday following another strong rally yesterday which saw BTC futures breaking out to fresh, record highs above the $73k mark. Yesterday’s rally came amidst news that the London Stock Exchange has opened the door to UK Bitcoin ETFs. On […]