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EURUSD, “Euro vs US Dollar” The EURUSD pair has broken the 1.0966 level upwards and continues forming a growth structure to 1.1000. Once this level is reached, a decline link to 1.0966 is not excluded (a test from above). Right after that, another growth structure to 1.1010 could form. Next, a new decline wave to […]
The EURUSD’s mid-term uptrend has hit the pause button, chilling in a tight range of 1.09-1.10 for the sixth day straight, hugging the lower edge of the trend channel: Last Friday’s dollar-buying signal, triggered by a robust NFP report that outperformed expectations in job growth, unemployment, and wage increase, got dampened by a pretty weak […]
SEC Decision Due Traders are bracing for plenty of volatility across crypto markets today with the SEC due to decide on the current batch of spot-Bitcoin ETF applications. Yesterday, the market was seen spiking to fresh highs for the year in response to a fake tweet put out claiming the SEC had approved spot-Bitcoin ETFS. […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the 2060.00 level. Upon testing the resistance, the price could break this level and continue developing the uptrend. However, the quotes might correct to 2010.50 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2735 is expected, followed by a rise to 1.2885. The rise could be additionally confirmed by a rebound from the upper boundary of […]
TitleSideways Trading TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.66809 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.67442 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level. Alternative scenario:If price […]