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EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave towards 1.0963. Practically, the market has set the frames for a consolidation range. A decline link to 1.0878 is expected today. Breaking this level, the price could extend the trend to 1.0800, from which level the wave structure might form towards 1.0777. […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.0920 is expected, followed by a rise to 1.1060. An additional signal confirming the rise might be a rebound from the […]
TitleFalling to 50% Fibonacci Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34729 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35451 which is a pullback resistance level. Alternative […]
The British pound sterling, paired with the US dollar, is holding its ground. The current exchange rate for GBPUSD stands at 1.2794. Earlier published data indicated a 0.2% m/m increase in the UK’s GDP for January but a 0.3% y/y decrease, as expected. The country’s industrial production volume decreased by 0.2% month-on-month in January. The […]
The primary currency pair is consolidating on Thursday. The current exchange rate for EURUSD stands at 1.0940. US Treasury Secretary Janet Yellen expects a future decline in inflation, primarily due to the slowdown in housing price growth. Housing expenses are recognised to carry the most significant weight within the Consumer Price Index (CPI) structure, accounting […]
Fresh Highs in BTC Bitcoin is once again trading at fresh, record highs today after the leading crypto currency recovered from a 6% correction lower yesterday. Volatility around the latest US inflation report saw BTC futures briefly dipping lower to retest the broken prior highs around 69355. However, the level held as support and despite […]