News

Silver is heading down. The price of silver underwent a correction, approached the broken downtrend, and formed a bearish engulfing. Since the breakout of the downtrend was false, the asset’s price might potentially dive even deeper and gain the required support in the zone formed between levels 22.00 and 22.30. So, let’s observes what is […]

The Dollar Index on Monday is hovering near the neutral level of 102.50, indicating that the market has absorbed the major news from the past week. This, of course, refers to the parade of performances by major central banks – the Federal Reserve, the European Central Bank, and the Bank of England. The U.S. Federal […]

Correction Lower Continues Bitcoin bulls are starting the final full trading week of the year with a sense of caution today as BTC futures continue to trade lower. The move, which appears linked to profit taking ahead of year-end, has seen the market turning back down towards the December lows around 40435. However, another reason […]

TitleGBPUSD D1 | Resistance overhead TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.27953 which is an overlap resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.25013 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Alternative […]

The primary currency pair stabilised its position on Monday. The current EURUSD exchange rate stands at 1.0910. Volatility peaked on Thursday and Friday last week, driven by a mass of crucial statistics accumulated by the market. Now that the market has received all the necessary data, fluctuations are expected to diminish. The meetings of the […]

The Japanese yen, in the pair with the US dollar, appears just as strong on Monday. The current USDJPY exchange rate stands at 142.19. Market attention is shifting to the December meeting of the Bank of Japan scheduled for Tuesday this week. Monetary policy will likely remain unchanged. However, investors are actively discussing the possibility […]