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EURUSD, “Euro vs US Dollar” EURUSD quotes are in the oversold area on H4. The RSI has broken the resistance line. In this situation, the quotes are expected to break the -1/8 (1.0681) level and rise to the resistance at 0/8 (1.0742). The scenario can be cancelled by a downward breakout of the support at […]
The BTC exchange rate is stable on Monday, standing at 26,664 USD. The market is calm. The weekly surplus of the flagship cryptocurrency amounts to 3.57%. Nothing has visibly changed among fundamental and technical indicators. The situation might alter on Wednesday when the US Federal Reserve will declare its interest rate decision and give hints […]
Brokers play a big role in the dynamic world of financial markets, facilitating trades and providing a valuable platform for traders. However, in addition to executing trades, brokers also have an interest in ensuring that their traders are properly educated. Education is the foundation of informed decision making, risk management and long-term success in trading. […]
TitleGBPUSD H4 | Falling from a pullback resistance? TypeBearish Reversal Preference:Price is rising toward our pivot point of 1.24444, which serves as a pullback resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.23337, an overlap support level. Alternative scenario:However, if the price breaks above the […]
Daily Market Outlook, September 15, 2023 Munnelly’s Market Commentary… Asian equity markets posted gains as they followed the positive global trend driven by robust U.S. economic data, a dovish rate hike by the European Central Bank (ECB), and the People’s Bank of China’s (PBoC) cut in the Reserve Requirement Ratio (RRR). Additionally, better-than-expected Chinese economic […]