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EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target might be the resistance at 1.0830. However, the price could drop to 1.0720 and extend the downtrend without testing the resistance. […]

TitleDAX H4 | Reverse to support level TypeBearish Reversal Preference:The price could rise to pivot at 17066.26, the swing-high resistance, from there it could reverse to the 1st support at 16874.83, the pullback support. Alternative scenario:It might break out of pivot and rise to the 1st resistance at 17133.66, which aligns with the 127.2% Fibonacci […]

US CPI Up Next All eyes will be on the latest US inflation due to be released shortly today. Expectations are primed for a fall in annualised headline inflation to 2.9% from 3.4%. In light of the current focus on whether the Fed is likely to ease rates in the coming months, today’s data will […]

The Australian dollar, paired with the US dollar, continues to hover. The current AUDUSD exchange rate stands at 0.6520. According to today’s data, business conditions in Australia have improved, with consumer confidence reaching a 20-month high. January’s NAB business environment index came in at 6 points, below the long-term average. Business confidence improved, reaching 1 […]

The Japanese yen is weakening against the US dollar again. The current USDJPY exchange rate stands at 149.48. Upcoming statistics may confirm that the Japanese economy is regaining its position as the world’s fourth largest. The main reasons for this are the weak yen and the ageing population. Japan’s GDP in Q4 could have grown […]

US Data Due Traders are braced for plenty of volatility this week with a slew of key economic data due. The schedule kicks off tomorrow with the keenly awaited US CPI reading for January. On the back of the recent uptick in inflation traders will be keen to see whether the lift in December extended […]