News

The price of BTC rose to 34,430 USD on Wednesday. Following the figures from the past week, the daily gain of 0.5% and a weekly increase of 0.8% may appear unimpressive. However, it is vital to keep in mind that a crucial moment is currently unfolding: the market is on standby, refraining from engaging in […]

Crude Drops on Shifting Middle East Focus Crude oil prices have fallen back below the key 82.59 level this week. The move lower appears to be in line with the prevailing market view that the Israel-Hamas conflict is remaining largely contained for now. From a trading perspective, the initial rally in oil prices was linked […]

Chinese Manufacturing Sector Slows, Stimulus Hopes Loom The Chinese manufacturing sector exhibited a slowdown in October, as indicated by the official Purchasing Managers’ Index (PMI) report. The headline reading came in at 49.5 points, missing the estimated 50.2 points. This decrease in activity has raised concerns, and it’s important to understand the significance of these […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The pullback target might be 1.3840. Next, the price could rebound from the support level and continue the uptrend. However, the quotes could rise to 1.3935 […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a correction to 1.0673 and started to decline rapidly. The price has achieved the first target of 1.0557. Today a consolidation range is forming above this level. With an upward breakout, the price might rise to 1.0600 (a test from below). A downward breakout will open the […]

TitleGBPJPY H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference: Price is hovering at our pivot point at 183.59, which is a pullback support level, aligning with the 23.6% fibo retracement. Price could bounce off the pivot point and rise towards the 1st resistance at 184.26, which is a swing high resistance level. Alternative […]