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The BTC on Friday is balancing near 30,016 USD. The leading cryptocurrency has been correcting since yesterday after two days of impressive growth. The BTC gained more than 17% over two trading sessions. The crypto sector demonstrated a positive reaction to the compound of good news. After the market heard the news about the application […]

TitleNZDUSD H4 | Potential Bounce off support TypeBullish Bounce Preference: Price is falling to our pivot point of 0.61144 which is a pullback support level that aligns with a 50% and 61.8% Fibo retracement. A reverse from here, price could rally towards 1st resistance at 0.62072 which is a multi-swing high resistance. Alternative scenario: However, […]

EUR Slides on Weak PMIs EURUSD has come under heavy selling pressure today in response to the latest wave of eurozone PMI data released this morning. Weakness across French and German readings, as well as the overall eurozone readings, has put fresh focus on fears for the health of the eurozone economy, particularly with the […]

The Japanese yen has returned to the course of devaluation against the US dollar. The current USDJPY quote is 143.01. The yen reacts to macroeconomic reports selectively, but today is the case. The latest statistics showed that consumer prices in Japan increased faster than expected in May. At the same time, a tendency towards inflation […]

Brent Brent quotes are under the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a breakout of 3/8 (73.44) is expected, followed by a decline to the support at 2/8 (71.88). The scenario can be cancelled by rising above the resistance at […]

BOE Hikes Again The BOE took the bull by the horns yesterday and hiked rates by a further .5%, taking the headline UK interest rate up to 5%, its highest level in 13 years. The move comes on the back of the latest UK CPI data earlier this week which showed core inflation moved higher […]