News

Aug 30
Murrey Math Lines 30.08.2023 (USDJPY, USDCAD)

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 price is expected to rise above 6/8 (146.87) and continue growing to the resistance at 7/8 (148.43). The scenario can be […]

Aug 30
US30USD H4 | Bearish reaction off 127.2% fibo?

TitleUS30USD H4 | Bearish reaction off 127.2% fibo? TypeBearish Reversal Preference:Price is hovering below our pivot point at 34880.1, which is an overlap resistance, and at the 127.2% fibo extension. We can expect price to react off bearishly, to our 1st support at 34604.8, which is an overlap support level. Alternative scenario:If price breaks above […]

Aug 30
Crude Turning Higher Ahead of EIA Release

Weaker USD Helping Oil Bulls Crude prices are rising today ahead of the next EIA release scheduled for later this afternoon. The current weakness in USD is helping underpin the market, which is also being lifted by bullish sentiment in stocks currently. On the back of recent weakness in US data, rate hike projections for […]