News

There are increasing signs that the hawkish policies of central banks are restraining consumer spending and investments to the extent that inflation in the United States and globally is maintaining a steady downward trajectory. However, the Federal Reserve and the Bank of England are not in a hurry to validate market expectations that 2024 will […]

The primary currency pair is attempting to consolidate on Monday. The current EURUSD exchange rate stands at 1.0765. Despite morning attempts to achieve a balance, EURUSD appears as vulnerable as before. The Federal Reserve’s meeting is scheduled for this week and will last two days as usual, ending on Wednesday evening. The Fed is expected […]

The Japanese yen is correcting against the US dollar on Monday. The current USDJPY exchange rate stands at 145.50. Last week was a triumph for the yen, but its victory over the USD was most likely linked to market repositioning. The JPY exchange rate climbed to highs not seen since 7 August. The catalyst for […]

TitleEURUSD H1 | Falling to support level? TypeBearish Drop Preference:Price is currently at our pivot point of 1.0764, which serves as an overlap resistance level that aligns with the 50% Fibo retracement. A reversal from this point could lead the price to drop to the 1st support at 1.07254, a swing low support level Alternative […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Doji reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3535. Next, the price might break the support and continue the downtrend. However, the quotes could correct to 1.3635 before a decline. […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test of the Kijun-Sen line at 1.0795 is expected, followed by a decline to 1.0625. The decline could be additionally supported by a rebound from the upper boundary of the bearish channel. […]