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EURUSD, “Euro vs US Dollar” EURUSD is testing the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0815 is expected, followed by a decline to 1.0665. An additional signal confirming the decline will be a rebound from the lower boundary of the […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 1.3670. Next, the price could break the resistance and continue the uptrend. However, a correction to 1.3570 before the rise is not […]

TitleEURJPY H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference: After forming a double bottom, price is rising towards our pivot point at 158.9, which is a potential pullback resistance level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. We can expect a bearish reversal from the pivot point, for price to […]

TitleXAUUSD H1 | Falling from Fibo  61.8? TypeBearish Reversal Preference:Price has just reacted off our pivot point 1946.06, which serves as an overlap resistance level that aligns with 61.8% Fibo retracement.  A reversal from this point could lead the price to drop to the 1st support at 1938.121, an overlap support level. Alternative scenario:However, if […]

Weak US Jobs Data Weighs on Fed Tightening Expectations Despite weakness seen in key US labour market indicators last week, USDJPY is starting the week in the green. On Friday, the latest jobs report was a mixed bag. The headline NFP reading was seen coming in above forecasts at 187k vs 169k expected, though the […]

Lagarde on Watch EURUSD continues to hold at a key support level ahead of an upcoming speech by ECB chief Lagarde later today. Traders will be keen to see if Lagarde gives any clues as to how the ECB is likely to act at the next rate setting meeting due later this month. The market’s […]