News

Aug 23
Ichimoku Cloud Analysis 23.08.2023 (USDCAD, USDJPY, AUDUSD)

USDCAD, “US Dollar vs Canadian Dollar” USDCAD is pushing off 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 1.3515 is expected, followed by a rise to 1.3685. An additional signal confirming the rise will be […]

Aug 23
Japanese Candlesticks Analysis 23.08.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Engulfing reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 1.3505. Next, the price could rebound from the support and continue the uptrend. However, the quotes might rise to 1.3610 without any […]

Aug 23
EURUSD H4 | Falling from Fibo Confluence?

TitleEURUSD H4 | Falling from Fibo Confluence? TypeBearish Reversal Preference:Price is rising toward our pivot point of 1.08882 which has 61.8% Fibo retracement and 23.6% Fibo retracement, indicating Fibo confluence level. A reverse from here, price could fall to 1st support level at 1.08318 which is a swing low support level. Alternative scenario:However, if price […]

Aug 23
GBPUSD Testing Support Following PMI Plunge

GBP Heavily Sold Similar to what we’ve seen with EUR today, GBP has come under heavy selling pressure on the back of a dismal set of flash UK PMI readings this morning. The UK services PMI was seen falling back into negative territory this month at 48.7 from 51.5 prior and below the 50.9 the […]

Aug 23
FCA warns against COINFLUX TRADES MARKETS /COINFLUX TRADES LTD

Unauthorised firm details Name: COINFLUX TRADES MARKETS /COINFLUX TRADES LTD Address: HIGH ST, ELTHAM, UNITED KINGDOM, SE9 1TD Email: [email protected] Website: www.cft-innovationmarkets.online Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another […]

Aug 23
FCA warns against TRADEX / TRADE X

Unauthorised firm details Name: TRADEX / TRADE X Email: [email protected] Website: www.tradexion.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.