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Good News for UK Households In encouraging news for British consumers, UK shop price inflation was seen falling to its lowest level in 10 months last month. The BRC shop price index fell to 6.9% from the prior month’s 7.6% level, offering hope that the surging food prices which have weighed on UK households over […]

TitleUS30USD H4 | Bearish reaction off overlap resistance? TypeBearish Reversal Preference:Price is approaching our pivot point at 34616.9, which is an overlap resistance. We can expect price to react bearishly, and to head to the 1st support at 34243.2, which is an overlap support, 61.8% fibo retracement and 61.8% fibo projection. Alternative scenario:If price breaks […]

Investor First Trade / investorfirst.trade (Clone of Previously Authorised FCA Firm)

The Japanese yen paired with the US dollar has suspended the wave of devaluation. The current USDJPY exchange rate stands at 146.47. The US dollar’s strong position on the global stage, driven by the Federal Reserve’s inclination towards further interest rate increases, is exerting pressure on the JPY. In contrast to the Fed’s approach, the […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Kijun-Sen line at 1.2645 is expected, followed by a decline to 1.2460. An additional signal confirming the decline will be a rebound from the upper […]

TitleEURUSD H4 | Bearish continuation Expected? TypeBearish Reversal Preference: Price has just fallen from our pivot point of 1.08376 which is an overlap resistance level. A reverse from here, price can fall to 1st support at 1.07763 Alternative scenario: However, if price breaks above the pivot, it could rise to 1st resistance at 1.09014 which […]