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USDJPY, “US Dollar vs Japanese Yen” USDJPY is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 144.65 is expected, followed by a rise to 147.85. The growth could be additionally supported by a rebound […]
TitleEURUSD H4 | Bearish Reversal TypeBearish Reversal Preference:Price is rising toward to the pivot point of 1.1030 which is a pullback resistance that aligns with the 61.8% Fibo retracememt. A reverse from this point could lead the price to fall to 1st support at 1.0930, a multi swing low support level. Alternative scenario:If price breaks […]
Middle Tensions Supporting Gold Gold prices remain in the green across early European trading on Monday, extending gains from Friday. Risk sentiment remains subdued amidst ongoing global geopolitical unrest. News of a US warship shooting down an attempted missile strike from Houthi rebels has prompted fears of fresh US/UK strikes in Yemen, further raising risks […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance level at 1.1030. However, the price could drop to 1.0920 and continue the uptrend after the correction. USDJPY, “US Dollar vs […]
The British pound sterling, paired with the US dollar, hovers near a five-month peak. The current GBPUSD exchange rate stands at 1.2754. Previously released statistics confirmed that economic growth in the UK surpassed expectations in November. At the same time, it remained subdued over the last quarter. In November, the UK’s GDP rose by 0.3% […]
Middle East Tensions Drive Oil Oil prices are surging higher on Friday as worrying developments in the Middle East point to heightened supply disruptions. Iran reportedly seized an oil tanker in the Gulf of Oman yesterday carrying around 145 tonnes of crude. While the attack was not linked to Houthi rebels, uncertainty in the area […]