Month: April 2022

DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 101.790 where the 161.8% Fibonacci extension, 61.8% Fibonacci Read more…

Key Highlights GBP/USD started a major decline below the 1.2980 support. It is down over 250 pips and remains at a risk of more losses. EUR/USD extended decline below the 1.0750 support zone. The US Read more…

It was another rough day for commodities and commodity currencies which buckled under the pressure of a strong dollar, due to global growth concerns and a hawkish Fed. Monday US cash market close: The Dow Read more…

Traders can use the correlation coefficient on the 240-minute timeframe to help them determine where AUD/USD and NZD/USD may be headed next. USD/CNH has been on the move as fears of additional lockdowns due to Read more…

Traders will turn their attention to US inflation data, the BOJ meeting, and US Yields to look for the next direction in USD/JPY. It seems almost all but clear that the FOMC will hike 50bps Read more…

While gold has been out of favour of late, ‘resilience’ is still a key vibe in the gold market and despite the rise of the USD and US bond yields, one could easily argue gold Read more…

USD/CAD, for all intents and purposes, has been stuck in a very big range between 11 May 2015 swing low of 1.19202 and 18 January swing high of 1.46903. Since the summer of 2020, however, Read more…

EURCHF reversed from resistance level 1.0356 Likely to fall to support level 1.0200 EURCHF currency pair recently reversed down strongly from the pivotal resistance level 1.0356 (which has been reversing the price from end of Read more…

Dow Jones broke key support level 34130.00 Likely to fall to support level 33000.00 Dow Jones index recently broke through the key support level 34130.00 (which stopped the previous waves a and c) intersecting with Read more…