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The British pound sterling against the US dollar continues to follow a downward trend. The current GBPUSD exchange rate stands at 1.2080. The rapid rise in US treasury bond yields is bolstering the USD, affecting riskier assets and strengthening the USD against major currencies. According to FedWatch, investors are expecting a Fed interest rate hike […]

TitleUSDCAD H4 | Falling to pullback support? TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.3691 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37834 which is a level that aligns with the 127.2% Fibonacci extension […]

DMG Markets / dmgmarkets.com (Clone of FCA Authorised Firm)

EURUSD, “Euro vs US Dollar” EURUSD has made a declining movement to 1.0447. At the moment, the market is forming a consolidation range around 1.0465. With an escape from the range upwards, a link of correction to 1.0500 is not excluded. With a downward breakout of the range, the potential for a wave to 1.0408 […]

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 7/8 (149.21), subsequently reaching the resistance line at +1/8 (150.78). The scenario can be cancelled […]

TitleAUDUSD H4 | Bearish reaction off 23.6% Fibo resistancve TypeBearish Reversal Preference: Price could rise towards the pivot point of 0.63299 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.62229 which is […]