News
ECB minutes Showing Hawkish Risks Remain After a choppy week, EURUSD is hovering around the week’s opening price as of writing. The latest ECB minutes released yesterday showed that the bank retains a willingness to tighten further if necessary, echoing comments we’ve heard from ECB members recently. ECB members agreed that they should remain vigilant […]
The Japanese yen continues to maintain equilibrium against the US dollar. The current USDJPY exchange rate stands at 149.21. In October, the general inflation rate in Japan accelerated to 3.3% y/y against 3.0% y/y in September. This is the highest level since last July. Preliminary statistics published this week showed a slowdown in business activity […]
Brent Brent quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is approaching the resistance line. In this situation, a downward breakout of the 2/8 (81.25) level is expected, followed by a decline to the support at 1/8 (78.12). The scenario could be cancelled by rising above […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2485 is expected, followed by a rise to 1.2675. An additional signal confirming the rise will […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the resistance level at 1.1000. However, the price might pull back to 1.0850 and continue the uptrend upon testing […]
TitleGBPJPY H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference:Price could fall to our pivot point at 186.84, which is a pullback support, aligning with the 23.6% fibo retracement and 100% fibo projection. Price could bounce off from here, to rise towards the 1st resistance at 187.55, which is a multi-swing resistance level. Alternative […]