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GBPUSD, “Great Britain Pound vs US Dollar” The pair is correcting upon bouncing off the support area. The pair is moving under the Ichimoku Cloud suggesting a downtrend. A test of the Kijun-Sen line is expected at 1.2205, followed by falling to 1.1845. An additional signal confirming the decline will be a bounce off the […]
On Thursday, the major is very cautious. The quote is 1.0443. News is plenty today, and all about global regulators. For example, the Federal Reserve system increased the interest rate by 75 base points to 1.50-1.75%. This is the most devisive action taken by the Fed since 1994. The expectations were more or less like […]
Type: Bearish BreakoutKey Levels:Resistance:1755.57Pivot:1711.19Support: 1646.92Preferred Case:On the H4, with price moving below the ichimoku cloud and price recently breaking the ascending trend channel, we have a bearish bias that price will drop from the pivot at 1711.19 in line with the 38.2% fibonacci retracement and overlap resistance to the 1st support at 1646.92 in line […]
Type: Bullish BounceKey Levels:Resistance: 136.676Pivot: 133.571Support: 131.36Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 133.571 where the horizontal swing low support and 23.6% fibonacci retracement are to our 1st resistance at 136.676 in line with the 100% fibonacci projection […]
Korea’s leading exchanges have agreed to form a new emergency system that will spring into action within 24 hours should another Terra-style collapse threaten to come to pass. Under the new system, exchanges will convene to respond to sudden adverse market effects, such as what happened with Terra in May. The agreement came after five […]
Stocks trimmed gains Wednesday after initially holding their ground afterthe Federal Reserve delivered a 75 basis point hike in its fed funds rate — the largest such move since 1994 but one that was widely expected after a hotter-than-expected inflation reading at the end of last week. The Dow Jones Industrial Average gave up a […]