EURGBP remains in sideways channel Technical oscillators lose steam EURGBP is finding another strong obstacle to surpass within the medium-term trading range of 0.8497 to 0.8578. Specifically, the 23.6% Fibonacci retracement level of the down leg Read more…
Market picture The crypto market correction continues to deepen, although there have been some signs of stabilisation since the start of the day on Wednesday. The decline has continued for a whole week, reducing the Read more…
On March 18, we wrote that bears became more active near the $70,000 level. As the BTC/USD chart shows, today the price of Bitcoin is already close to the psychological level of USD 60k, while Read more…
NZD remains on the back foot against USD NZDUSD has finally broken below its one-year-long rectangle Momentum indicators acknowledge the current bearish move NZDUSD is recording another red candle today and it is trading below Read more…
USDJPY storms to fresh 2024 high after BoJ’s rate hike The pair is within breathing distance from 33-year peak Momentum indicators point to overbought conditions USDJPY has been in a steady uptrend after finding its feet a tad above Read more…
Gold creates bearish triangle after bullish rally MACD and RSI look weak Gold prices have been developing within a descending triangle in the 4-hour chart, after the rally towards the new all-time high of 2,195 Read more…
Markets We can’t but start with the Japanese yen again. Including this morning’s price action, USD/JPY (151.57) is an inch away from the 2022 multi-decade yen lows (at 151.95). EUR/JPY (164.68) already surpassed the 2023 Read more…
Daily Pivots: (S1) 190.32; (P) 191.24; (R1) 192.84; More….. GBP/JPY’s up trend resumed by breaking through 191.29 resistance and there is no sign of topping yet. Intraday bias remains on the upside for 61.8% projection Read more…
Daily Pivots: (S1) 162.64; (P) 163.32; (R1) 164.61; More… EUR/JPY’s long term up trend resumed by breaking through 164.29 resistance. Intraday bias stays on the upside. Next near term target will be 61.8% projection of Read more…
Daily Pivots: (S1) 0.8531; (P) 0.8543; (R1) 0.8554; More… EUR/GBP is still bounded in range trading and intraday bias stays neutral. On the downside, decisive break of 0.8491/7 support zone will confirm larger down trend Read more…