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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after it broke a bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2615 is expected, followed by a decline to 1.2445. An additional signal confirming the decline will be […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a structure of a wave to 1.0770. Today the market is forming a consolidation range above this level. Escaping the range upwards, the price might form a link of growth to 1.0810. Exiting the range downwards, it might open the potential for a wave to 1.0740, from […]
Bitcoin has gained the required support at the level of 25000 and formed a hammer. The asset is likely to head north and face resistance at the level of 29000 soon. So, let’s observe what is going to happen. The price of Brent oil has reached the resistance level of 89.00. The asset might either […]
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The major currency pair declined on Friday. The current EURUSD exchange rate stands at 1.0840. The US dollar is experiencing increased demand due to the cautious approach taken by major central banks regarding their September interest rate decisions. The US dollar’s strong rally and its significant fluctuations can be exhausting for investors. As market observers […]
GDP Undershoots The US Dollar rout continues this week ahead of the all-important NFP release tomorrow. DXY took another leg lower as the prelim Q2 US GDP reading yesterday came in below expectations at 2.1% vs 2.4% prior and expected. This marks the latest in a string of tier-one data points to undershoot expectations and […]