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USDCHF Bullish Trend Supported by Ichimoku Cloud The USDCHF currency pair is trading sideways above the 0.8782 resistance level inside the Ichimoku cloud. It's worth mentioning that the Ichimoku cloud adds an extra layer of support to the bullish trend that began on February 2 from the 0.8852...

GBPUSD Price Decline: Ichimoku Cloud and Channel Analysis Solid ECN - The GBPUSD price has declined from 1.2629, which aligns with the Ichimoku cloud and the descending trendline, depicted in red. The pair is currently testing the 23.6% Fibonacci support level, which appears weak and may not...

Bitcoin’s Uptrend Momentum: A Market Analysis Solid ECN - The momentum of Bitcoin’s uptrend eased after it surged as high as $52,866. This digital gold has risen since January 20, while the RSI indicator has been hovering in the overbought area for a week now. Interestingly, sellers in the...

EURUSD Correction Phase and Fibonacci Retracement Solid ECN - The EURUSD currency pair entered a correction phase after the bears hit the 1.06946 bottom. Currently, the price of the most traded currency pair is 1.0758, and it is about to test the 23.6% Fibonacci retracement level, which also...

USDCAD Analysis: Bullish Trendline Supports Above 50% Fibonacci Level Solid ECN - The USDCAD currency pair dipped to 1.3447 in today's trading session. The current USDCAD price is 1.348, which is above the 50% Fibonacci retracement level. This deck is further supported by the Ichimoku cloud...

GBPJPY Breaks January Record: Trading Above 188.8 Support Solid ECN - The GBPJPY currency pair trades above the 188.8 support after it broke the January all-time high on Tuesday. As seen in the GBPJPY 4-hour chart, the primary trend is bullish, but the pair bounced from 190.0, perhaps to test...

NZ Dollar Hits Week Low Amid Policy The New Zealand dollar fell below $0.61, its weakest in a week, as the market weighed the US Federal Reserve's delayed interest rate cuts against New Zealand's lower inflation forecasts and the Reserve Bank of New Zealand's (RBNZ) firm approach. US data...

EURUSD Technical Analysis: Bears Failed to Crosse the Cloud Solid ECN - The EURUSD currency pair is trading below the Ichimoku cloud, with the price at 1.076 at the time of writing. The bullish momentum that started from 1.072 was unable to extend beyond the 50% Fibonacci resistance level, the...

NZ Dollar Drops Amid Rate Hike Speculation Solid ECN - The New Zealand dollar dropped to approximately $0.612, losing some of its recent gains as investors became wary before an upcoming speech by the central bank, which might impact future interest rate decisions. Adrian Orr, the Governor of...

Euro Rises Amid Rate Cut Cautions: ECB & Fed Update The euro experienced a slight increase, going over $1.075, following a drop to a low of $1.072 on February 5th. This happened as the major central banks in Europe and the US took a careful stance on reducing interest rates. During a Financial...

Oil Prices Rise Amid Middle East Tensions, Down 7% Solid ECN - WTI crude oil prices climbed above $73.5 a barrel on Wednesday, marking a third consecutive session of gains due to concerns over potential supply interruptions in the Middle East. Market analysts believe that the ongoing tensions...

Euro Hits Low Amid Dollar Strength and ECB Caution The euro dropped to $1.075, its lowest since November 13th, as the US dollar grew more robust. This change came after the latest US jobs report showed strength, and the head of the US Federal Reserve, Jerome Powell, hinted at being careful...

Oil Prices Steady at $72 Amid Middle East Watch Solid ECN - WTI crude oil prices stabilized at just over $72 per barrel on Monday, recovering from a significant drop last week. This shift came as traders kept an eye on the situation in the Middle East. Oil prices had fallen by over 7% the...

Oil Prices Steady Amid Middle East Peace Hopes On Friday, WTI crude oil prices stabilized at about $74 per barrel, facing a roughly 5% drop over the week. This shift came as tensions in the Middle East appeared to calm, reducing fears of interruptions in oil supply. There were discussions...

Dollar Index Stays Strong as Fed Dims March Rate Cut Hopes Solid ECN - The dollar index remained stable above 103.5 on Thursday, staying close to its highest point in seven weeks following comments from Federal Reserve Chair Jerome Powell that diminished expectations for an interest rate...

Gold Prices Hold Steady at $2,030 Amid Fed Rate Decision Anticipation. On Wednesday, gold prices hovered at approximately $2,030 per ounce, maintaining a consistent trading pattern as market participants awaited the US Federal Reserve's decision on monetary policy. Expectations are high that...

Euro Hits Low as ECB Rate Cut Looms; Recession Fears Rise Solid ECN - The euro has recently fallen to its lowest point since December 12th, dipping close to $1.08. This decline is partly attributed to expectations of a rate reduction by the European Central Bank (ECB), potentially by 25 basis...

Crude Oil Hits 2-Month High Amid Red Sea Attack. On Monday, WTI crude oil futures surged to around $79 per barrel, marking a two-month peak. This uptick was primarily driven by heightened concerns over potential supply disruptions following the Houthi group's assault on a Transfigura-managed...

Pound Strengthens Amid Positive PMI Data and BOE Rate Speculations The UK pound surged to $1.28 versus the US dollar and hit a near five-month peak against the euro, bolstered by unexpectedly robust PMI figures. These statistics could influence the Bank of England to adopt a gradual approach...

Australian Dollar Weakens Amid US Economic Strength The Australian dollar has declined to approximately $0.657, approaching its lowest value in two months. This weakening trend is primarily influenced by the strengthening of the US dollar, fueled by robust American business activity data...