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What are Bullish and Bearish Markets? In simply words, a bear market is the one which prices are heading down and a bull market is used to describe conditions in which prices are rising. Bullish Market A bull market has no specific definition but, is the condition of financial market in which prices are expected […]

The Australian dollar against the US colleague stopped at the quote of 0.6776. On the whole, the Aussie gives no reasons for being nervous. Nothing new happened in terms of the Chinese abrupt slow-down, while the monetary policy of the RBA looks adequate to the surrounding conditions. Morning statistics from Australia showed the CCI in […]

On Tuesday, the British pound against the US dollar continues to decline. The current quote is 1.2260. Today’s statistics from Great Britain came out ambiguous. The unemployment rate in October grew to 3.7% from 3.6%. The change had been anticipated due to seasonal and other processes in the employment sector. The number of unemployment claims […]

EURUSD, “Euro vs US Dollar” The currency pair is testing the signal lines of the Cloud. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0550 is expected, followed by growth to 1.0725. An additional signal confirming the growth will be a bounce off the […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, AUDUSD quotes are above the 200-day Moving Average, which indicates an uptrend. The RSI is testing the support line. The pair is expected to rise above 7/8 (0.6774) and then reach the resistance level of +1/8 (0.6897). The scenario can be cancelled by a downward breakaway of […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the support level. Hence, the pair is expected to rise above 7/8 (1.0620) to the resistance level of 8/8 (1.0742). Thrle scenario can be cancelled by a downward breakaway of […]