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USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Hammer reversal pattern. Currently, the currency pair is going by the reversal signal in an ascending wave. The target of the growth might be 1.3810; later the price might break it and continue the uptrend. However, the price might pull back to 1.3695 […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the resistance line. In such circumstances, we should expect the price to rise above 5/8 (1.0803) and increase to the resistance level of 6/8 (1.0864). The scenario can be canceled […]
Daily Market Outlook, March 27, 2023 Markets Avoid Another Weekend Meltdown, As SBV Is Acquired Asian equities start the week in a subdued fashion following Friday’s reversal on Wall Street, market concerns around European banking names have been allayed as the weekend passes without any significant negative news flow. First CitizensBancshares have agreed to acquire […]
TitleAUDUSD H4 | Potential Bullish Reversal TypeBullish Bounce Preference:The price has bounced back from the pivot point at 0.66373, which is a swing low support level that aligns with an ascending trendline and the 61.8% Fibonacci retracement level. If the price keeps climbing, it has the potential to hit 1st resistance level of 0.67222. Alternative […]
8 Steps Before You Start Trading Checklist Do you know that is important to have a stock trading checklist before making any trades? It is crucial to have a comprehensive checklist before entering into any trades, as it enables traders to maintain discipline, adhere to the trading plan, and enhance their confidence. It’s important to keep […]
Dive into the complexities behind Deutsche Bank’s share price fluctuations and the impact of the CDS blow-out on the bank’s financial standing, while exploring the possible implications for investors and the global financial market. 1. Introduction: Deutsche Bank’s Share Price Fluctuations The recent volatility of Deutsche Bank’s share prices, particularly in the aftermath of a […]