News

EURUSD, “Euro vs US Dollar” EURUSD has formed a wide consolidation range around 1.0680. Amid the news, the market broke the range upwards and hit a local correction target of 1.0886. Today a consolidation range is expected to form below this level. Breaking it downwards, the price could start a downward movement to 1.0755 minimum. […]

TitleUSDCAD H4 | Potential bearish breakout TypeBearish Breakout Preference: Price is falling towards the pivot point of 1.36708 which is a pullback support that aligns with the 78.6% Fibonacci retracement level and could potentially break through this level; we could see momentum carry price down to its 1st support at 1.3578 which is a pullback […]

Gold Rally Continues Gold prices are trading higher through the middle of the week, spurred on by a weaker US Dollar. The greenback plunged yesterday in response to a cooler-than-forecast set of US inflation figures. US CPI was seen falling back to 3.2% YoY, down from 3.7% prior. The data has fuelled a pushback against […]

EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold above the upper boundary of the bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0825 is expected, followed by a rise to 1.0985. An additional signal confirming the rise will be a […]

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has reached the oversold area. As a result, in this situation, the quotes are expected to surpass 5/8 (150.78) and continue rising to the resistance at 6/8 (151.56). The scenario can be cancelled […]

CPI Slides 2% In reassuring news for both UK households and the BOE, UK inflation was seen cooling sharply last month. Headline annualised inflation fell back to 4.6% from 6.7% prior, below the 4.7% the market was looking for. This marked the largest deflationary move in two-years in the UK. Core inflation was seen falling […]