News

USD Falls on Weak ADP Number The US Dollar is softening today on the back of yesterday’s ADP employment number, with gold prices rising as a result. The figure came in at 103k, down from 106k prior and well below the 131k the market was looking for. On the back of the release, traders are […]

The Australian dollar, paired with the US dollar, has seen an increase by Friday. The current AUDUSD exchange rate stands at 0.6618. The Aussie had earlier faced pressure when the Reserve Bank of Australia held the interest rate steady at 4.35% per annum. During that time, the CB mentioned that keeping the parameter unchanged would […]

The Japanese yen is strengthening its position against the US dollar. The current USDJPY exchange rate stands at 143.64. When we mentioned a couple of days ago that the yen was on the brink of significant movements, we could not have imagined that the Japanese national currency would rise so quickly and sharply. However, the […]

TitleS&P 500 H4 | Falling to support level? TypeBearish Reversal Preference: The price could fall to our support level at 4537.68, multi-swing low support from our pivot point at 4598.58, a pullback resistance. Alternative scenario:The price could break through the pivot point at 4537.68 and rise to our resistance level at 4608.51, a swing-high resistance […]

TitleUSDJPY H4 | Potential bearish reversal? TypeBearish Breakout Preference: The current price is falling towards our pivot at 143.726, a pullback support. It could break through the pivot and continue falling to our support level at 141.564, a pullback support. Alternative scenario: Price will bounce off the pivot point and rise to our resistance level […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2615 is expected, followed by a decline to 1.2365. An additional signal confirming the decline will be a rebound […]