Yen nears October 2022 lows against dollar on BoJ disappointment Will a hawkish Fed trigger a yen intervention episode? Gold, oil retreat as Middle East fears ease Wall Street closes in the green ahead of Fed decision Dollar/yen defies gravity after BoJ decision The dollar traded higher against all the other major currencies on Tuesday, […]
NZDUSD halts latest decline at a fresh 1-year bottom of 0.5772 Trades without a clear direction in the past week Momentum indicators remain tilted to the bearish side NZDUSD has begun another round of weakness following the steep retreat from its October highs just a tad above the 50.0% Fibonacci retracement of the 0.5510-0.6535 upleg. Although […]
Technical analysis: BTC/USD has been trading sideways already for a few days around the price $34.400. There is potential for the breakout mode in near future. In case of the breakout of the resistance at $35.200, there is the chance for the further growth towards $37.000-$38.000 In case of the downside breakout of the support […]
Yesterday, the pair formed several entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.2172 as a possible entry point. A rise to this level and its false breakout generated a good entry point into short positions. However, the pair failed to […]
Technical analysis: USD/CAD has been trading sideways at the price of 1.3880 and I see potential for the breakout mode. Due to the the defined upside trend on the short-term perspective and potential bull flag pattern in creation, I see potential for the further upside continuation in case of the breakout of 1.3900. Upside objective […]
Analysis of Trades and Trading Tips for the European Currency The test of the price at 1.0641 occurred when the MACD indicator had just started to move down from the zero mark, which served as a confirmation of an entry point for short positions in the afternoon. As a result, the pair fell by more […]
Technical analysis: Gold has been trading downside this morning but I found rejection of the support area at $1.976. In case if the rejection of the support can sustain, I see potential for the further rally towards upside references at $1.991 and $2007 In case of the downside breakout of the support at $1.976, there […]
XM has once again partnered with the Nobles Charitable Foundation and the Shareteah Humanitarian Organization in Iraq to support homeless and orphaned children from Baghdad and Dohuk stay in education. This year, in addition to donating towards school supplies like bags, notebooks, stationery and uniforms, we have also supported funding the creation of library centres. […]
USDJPY edges lower after Tuesday’s sizeable rally Heightened risk of intervention as USDJPY is comfortably above 150 Mixed momentum indicators complicate the outlook The lack of JPY-positive announcements at Tuesday’s BoJ meeting opened the door to a sizeable move in USDJPY. It bounced off the lower boundary of its medium-term upward trending channel and now […]
Yesterday, the pair formed several entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.0611 as a possible entry point. A rise and a false breakout near this mark generated a sell signal, but the pair failed to move sharply lower. As […]
Crypto Industry News: Robert Kiyosaki advises his followers on X to prepare for the biggest crash in the history of the world. Noting that some financial experts encourage investing in stocks and bonds (in a 60-40 ratio), he stressed that people who follow this advice will suffer “the biggest losses.” A famous author of books […]
Crypto Industry News: An ETF ticker has appeared on the Depository Trust and Clearing Corporation (DTCC) website. This time Invesco and Galaxy Digital. This is another signal sent to the market – bitcoin funds are fast approaching us. This is not the first time a bitcoin ETF ticker has appeared on DTCC. Recently, the symbol […]
Technical Market Outlook: The GBP/USD pair has been seen testing the 61% Fibonacci retracement located at the level of 1.2201, but the Bearish Engulfing candlestick pattern was made at the top of the move, so the bears pushed the price back towards the 50 MA on the H4 time frame chart. The intraday technical resistance […]
Technical Market Outlook: The EUR/USD pair had bounced towards the level of 1.0675, but then Bearish Engulfing candlestick pattern was made at the top of the move and the market reversed below the 50 and 100 MA again on the H4 time frame chart. The nearest technical resistance is located at the level of 1.0626 […]
If we look at the 4-hour chart of the Silver commodity asset, we can see that the price movement is moving below the Kumo and the Kumo future is in a Bearish condition. Apart from that, there are 2 Bearish patterns that appear in this commodity asset, namely the Bearish 123 Pattern which is followed […]
On the 4-hour chart, the AUD/JPY cross currency pair seems to be moving above its MA 365 and the appearance of a Bullish 123 pattern followed by several Bullish Ross Hooks indicates that AUD/JPY has the potential to appreciate up to level 96.10 if this level is successfully broken upwards, the next levels that will […]
The market was certainly expecting a significant slowdown in eurozone inflation, but not even the most optimistic minds could have imagined that inflation across the bloc would drop to a two-year low of 2.9% in October. Just a month ago, inflation was at 4.3%. So, such a substantial decrease in inflation essentially removes all questions […]
Analysis of EUR/USD 5M On Tuesday, EUR/USD started a corrective move but couldn’t manage to hold for a long time and then turned downwards. At the end of the day, despite rising by 80 pips, the euro managed to depreciate. This aligns with our expectations. We’ve repeatedly mentioned that the pair might form several phases […]
The GBP/USD currency pair traded with much less volatility on Tuesday than the euro, as European reports had a rather indirect connection to the pound. Nevertheless, there was a correlation between the euro and the pound, so the latter almost exactly mirrored the movements of the former. However, for the euro, a corrective scenario that […]
The currency pair EUR/USD attempted to correct itself once again on Tuesday, but it didn’t go very well. This time, the price couldn’t even reach its previous local maximum and dropped again. It should be noted that the movements yesterday were not the most logical since the rise of the European currency clearly couldn’t have […]
EUR/USD Higher Timeframes October closed with a candle of uncertainty. The market continues to operate within the range of daily levels, with the center of attraction being the medium-term trend (1.0572). At the start of the new trading month, minor adjustments to the Ichimoku indicator on the monthly timeframe led to the strengthening of the […]
The XAU/USD chart currently has a bearish overall momentum, but in the short term, there’s potential for a bounce from the 1st support at 1977.14 (overlap support) and a move towards the 1st resistance at 1992.30 (pullback resistance). After reaching the 1st resistance, there could be a reversal towards the 2nd support at 1953.53 (overlap […]
EUR/USD The euro was 12 pips short of reaching a strong resistance level at 1.0687. As a result, the single currency fell by 40 pips, and the price returned below the balance line on the daily chart. The Marlin oscillator also returned to the position it had on Tuesday morning. The strong move towards 1.0687 […]
GBP/USD Yesterday, the British pound tried to move towards the target range of 1.2271/87 but stopped by the balance line on the daily chart, just as it was on October 24th. Afterwards, the price returned below the descending price channel line. The signal line of the Marlin oscillator came close to the border of the […]
AUD/USD The Australian dollar has been stuck in the 0.6295-0.6388 range for quite some time. Yesterday, after reaching the balance indicator line on the daily chart, the pair fell without even trying to rise, unlike other counter-dollar currencies. The Marlin oscillator’s signal line turned downward from the zero line (arrow), separating the bearish and bullish […]
Overview : A trend in the EUR/USD pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.0600 and 1.0780. Resistance and support are seen at the levels of 1.0780 (also, the double top […]
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]
The GBP/USD pair faced a strong resistance near 1.3200 and started a fresh downtrend. It broke the 1.2800 support level on a H4 candlestick and extended its decline towards 1.2500, where it met a crucial Fibonacci retracement level. This could be a good opportunity for intraday traders to go long, with a stop loss just […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
Ripple rallied in the short term and now is located at 0.5997 at the time of writing. The altcoin increased by 13.03% from yesterday’s low of 0.5495 to 0.6212 today’s high. XRP/USD edged higher even if BTC/USD continues to move sideways. XRP/USD is up by 3.92% in the last 24 hours and by 7.57% in […]
