News

May 27
AUDUSD, Day | Bounce off support level

TitleAUDUSD, Day | Bounce off support level TypeBearish Breakout Preference:Price has just bounced off our pivot point of 0.65012 which is a pullback support level. A reverse from here, price could rally to 1st resistance at 0.65818 which is a pullback resistance level. Alternative scenario:However, if price breaks below the pivot, it could fall to […]

May 26
The cryptocurrency market digest (BTC, AVAX). Overview for 26.05.2023

The BTC exchange rate on Friday is near the 26,455 USD mark. The local low was marked at the 25,865 USD level. Thus, the BTC price is trying to get back above the resistance at 26,650 USD. At the same time, chances for a new selling wave are quite high as long as the rate […]

May 26
EURUSD slumped even lower. Overview for 26.05.2023

The market’s most traded currency pair fell even lower on Friday. The current EURUSD quote is 1.0730. Investors are gradually withdrawing from risks without constructive news on the US government debt. The debate between Democrats and Republicans continues. Under these circumstances, the US dollar is in demand as a defensive asset. News from Germany is […]

May 26
ETHUSD H4 | Falling to overlap support

Title ETHUSD H4 | Falling to overlap support Type Bullish Bounce Preference: Price is approaching the pivot point of 1791.48 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1858.27. Alternative scenario: If price breaks below the pivot point, it could hit the 1st support of […]

May 26
Technical Analysis & Forecast 26.05.2023

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0707. Today the market has started developing a correction to 1.0755. This is the first target. After the price reaches this level, a correction might follow to 1.0730. Next, growth to 1.0790 is expected. GBPUSD, “Great Britain Pound vs US […]

May 26
Murrey Math Lines 26.05.2023 (Brent, S&P 500)

Brent On H4, Brent quotes are testing the level of 0/8 (75.00) that acts as a support level for the price and the upper border of the oversold area. The RSI has rebounded from the support line. Currently, a rebound from 0/8 (75.00) is expected, followed by a rise to the resistance at 2/8 (81.25). […]