Category: Technial Analysis
Monday began with a weakening of the dollar, thanks to two powerful signals from central banks in Asia: China and Japan. The head of the Bank of Japan, Ueda, stated that conditions are gradually emerging to shift monetary policy from easing to tightening. In particular, wages are rising steadily, which is typically seen as a […]
The BTC exchange rate is hovering around 25,760 USD on Monday, with the flagship cryptocurrency appearing weaker compared to Friday’s levels. Buyers are scarce in the market. Investors are feeling significant pressure due to the constant attacks from the US Securities and Exchange Commission (SEC) on the digital asset sector. In addition, there are ambiguous […]
The Japanese yen, in the pair with the US dollar, took a pause in devaluation. The current USDJPY exchange rate stands at 146.45. The pressure from the US dollar has decreased temporarily, allowing the JPY to stabilise. Friday’s statistics from Japan were disappointing. Average wages in August only increased by 1.3% y/y compared to the […]
JPY Rallying The Japanese Yen is starting the week on a stronger footing following hawkish comments from BOJ governor Ueda to the Yomiuri newspaper. Ueda signalled that the bank would likely have enough information by year end to determine whether wages would continue to rise. The bank has previously cited this as key in deciding […]
Tesla Rallying on Monday Shares in Tesla are trading higher ahead of the open on Monday. The move comes amidst a surge of optimism linked to the Tesla Dojo supercomputer. The computer system runs computer vision video processing and recognition and will be used to train AI systems for the company’s self-driving vehicles. Tesla has […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which reveals a downtrend. A test of the lower boundary of the Cloud at 1.0765 is expected, followed by a decline to 1.0565. An additional signal confirming the decline could be a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are in the oversold area on H4. The RSI has broken the resistance line. In this situation, a breakout of 0/8 (1.0742) is to be expected, followed by a price rise to the resistance at 1/8 (1.0803). The scenario can be cancelled by a downward breakout of the […]
Dollar Stalls on JPY Drive The US Dollar is starting the week under pressure. The DXY has fallen around 0.6% from last week’s highs across early European trading on Monday. Hawkish comments from BOJ’s Ueda have fuelled a narrowing of the US/Japan yield spread which is driving JPY high, weighing on the Dollar. The main […]
TitleGBPJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference:Price is reacting to our pivot point at 182.91, which is a pullback support level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. If price closes above the pivot point, then price could rise towards the 1st resistance at 184.19, which is a […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target could be the resistance level of 1.0760. However, the price might drop to 1.0680 and continue the downtrend without any correction. […]