News

USDJPY, “US Dollar vs Japanese Yen” The USDJPY pair and the RSI on H4 are in their respective overbought areas. In this situation, a test of 8/8 (150.00) is expected, followed by a breakout of the level and a price decline to 7/8 (148.43). The scenario could be cancelled by rising above +1/8 (151.56). In […]

Gold Under Pressure The rally in the US Dollar on the back of yesterday’s inflation report has caused widespread impact across markets. Gold prices have come under heavy selling pressure with futures seen breaking down to fresh lows for the year. Given the pushback we’ve heard from the Fed, this latest hot inflation reading is […]

CPI Holds Steady The FTSE is seeing strong demand today after the latest UK inflation figures released this morning were cheered by investors. Annualised headline CPI was seen holding steady at 4% last month, a touch softer than the expected 4.1%. Similarly, core inflation was seen holding steady at 5.1%, despite expectations for a lift […]

The primary currency pair remains under pressure on Wednesday. The current EURUSD exchange rate stands at 1.0713. Data on the Consumer Price Index in the US for January, released yesterday, noticeably unsettled investors. Inflation decreased to 3.1% on an annual basis compared to 3.4%. While this is positive, the forecast had expected a decrease of […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has reached the estimated target of a decline wave at 1.0700. The structure of the last decline target implies a correction link to 1.0734 that might form today. Practically, a consolidation range might form between these two levels. With an escape from the range downwards, a decline […]

TitleUS30 H4 | Bearish breakout TypeBearish Breakout Preference:The price could fall to the pivot at 38120.6, the overlap support, from there it might reverse to the 1st support at 37769.8, the overlap support that aligns with 61.8% Fibonacci retracement. Alternative scenario:It might reverse to pivot and bounce off the pivot. The price could rise to […]