Category: Technial Analysis
The DE 40 index is in a downtrend after reaching an all-time high. By the end of this week, it will be clear how deeply the price can fall this time. DE 40 trading key points Recent data: Germany’s consumer inflation CPI in June eased to 2.2% year-over-year Economic indicators: decreasing price growth rates in […]
Rising oil prices failed to overcome the resistance at the 87.00 level on the fly; bears are attempting to seize the initiative and reverse the price. Brent trading key points Current trend: Brent is experiencing strong upward momentum on the H4 chart Market focus: a sharp increase in Brent price volatility can be expected tomorrow […]
The primary currency pair continues to weaken at the end of the week. The current exchange rate for EURUSD stands at 1.0805. May statistics showed that business activity in the US accelerated to the highest level in two years. The preliminary value of the Markit Services PMI increased to 54.8 points in May from 51.3 […]
The Australian dollar is plummeting against the US dollar on Friday. The current exchange rate for AUDUSD stands at 0.6592. The Aussie has come under pressure from the strengthening US dollar. The US currency gained strength after relatively strong reports on the US economy appeared on the market. These reports reduced the likelihood that the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has consolidated under the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2865. A rebound from the lower boundary of the bullish channel […]
BRENT Brent oil quotes broke through the 200-day Moving Average on D1 and are currently below it, suggesting the possibility of a downward trend. However, there is convergence on the RSI indicator, so a pullback from the 2/8 (81.25) level followed by a rise to the 3/8 (84.38) resistance level is expected. A breakout above […]
Reliable Trading since 2012 Reliable Trading since 2012 Facebook Twitter Linkedin Forex Trading Open Account Account Types Account Specs Trading Getting started Contract Specs Execution Model About Management team Contact us & location Regulation CySEC Regulated BaFIN Registered CONSOB Registered X Global Markets Ltd is a European investment firm that is authorized and regulated by […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has performed a wave of decline to 1.0803. Today, the market is forming a consolidation range above this level, potentially further declining towards 1.0801. A subsequent correction towards 1.0830 is probable, followed by a potential decline to 1.0777, serving as a local target. GBPUSD, “Great Britain Pound […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument might follow the reversal signal in a descending wave. The decline target could be the 1.3650 support level. However, after testing the resistance, the price could return to 1.3775 and continue its […]
The British pound sterling is still ascending against the US dollar. The current exchange rate for GBPUSD stands at 1.2727. Yesterday’s published statistics revealed a decrease in British inflation. On a year-on-year basis, the Consumer Price Index in April fell to 2.3% from the previous 3.2%. The forecast had anticipated a more significant decline to […]