Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD has corrected to 1.0943. Today the market is forming a consolidation range under this level. An escape from the range downwards might lead to a link of decline to 1.0860. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a wave of correction to 1.2744. Today a consolidation […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF have broken the 200-day Moving Average on H4 and are now below it, revealing a possible development of a downtrend. The RSI is testing the resistance line. In this situation, a rebound from 8/8 (0.8789) is expected, followed by a decline to the support level of 7/8 (0.8728). […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2655 is expected, followed by a rise to 1.2885. An additional signal confirming the rise […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 1.3620. Next, the price could break the resistance and continue the uptrend. However, the quotes could correct to 1.3500 before rising. AUDUSD, […]
TitleGBPUSD H4 | Reacting off Resistance level? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.27233, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.26179 , an overlap support level. Alternative scenario:However, if the price breaks […]
Gold Higher on Softer USD Gold prices are rising sharply ahead of the next round of key US data today. On the back of weaker-than-forecast JOLTS job opening, consumer confidence, services and manufacturing PMIs and now also ADP employment and prelim Q2 GDP, it’s safe to say that the market has firmly reigned in its […]
The major currency pair shows stability on Wednesday. The current EURUSD exchange rate stands at 1.0867. Yesterday’s release of the US Consumer Confidence Index (CCI) for August by the Conference Board was disappointing. The index dropped to 106.10 points from the previous 117.00 points. The forecast had implied a decrease to only 116.00 points. These […]
A batch of weaker-than-expected economic data from the United States yesterday and today has led to a significant inflow of investors back into Treasury bonds and reduced demand for the dollar. JOLTS reported that the number of job openings in July decreased to 8.8 million, indicating that there were approximately 1.5 open positions for every […]
Falling Dollar Supports Gold Gold prices were seen rallying more than 1% yesterday as softer-than-forecast US data weighed on the Dollar. US Consumer Confidence was seen falling to 106.1 from 114 prior, below the 116 the market was looking for. Additionally, the JOLTS job openings number was seen falling to 8.81 million, down from 9.17 […]
The BTC exchange rate climbed to 27,434 USD on Wednesday. The daily gain was 5.26%. The cryptocurrency’s value started appreciating last night after the market heard about Grayscale’s victory in court. The judicial authorities ruled in favour of Grayscale in the company’s case against the US Securities and Exchange Commission (SEC). The lawsuit was filed […]