EURJPY is rebounding off the 23.6% Fibonacci retracement level of the up leg from 124.40 to 144.25 at 139.55 and is returning above the 140.00 round number. According to the MACD, negative momentum could push Read more…
GBPUSD switched to a recovery mode on Monday following last week’s brutal sell-off, which worsened the broad outlook and squeezed the price to a new two-year low of 1.2100. The previous low of 1.2154 is currently limiting Read more…
Triple daily Doji and early Tuesday’s action moving within a narrow range suggest that bulls faced headwinds after initial attempt through key long-term barrier at 135.06 (2002 high). Overbought daily studies and strong bullish momentum Read more…
EUR/USD The single European currency continues to lose ground against the U.S. dollar as the breach of the 1.0480 support zone from the previous session gave additional impetus to the bears. They, in turn, without Read more…
American stocks continued falling as investors refocused on the upcoming interest rate decision by the Federal Reserve. The Dow Jones crashed by more than 600 points on Monday after falling by 800 points on Friday. Read more…
The Dow Jones plunges over a broad-based rise in risk aversion. The liquidation continued after the price action failed to hold above 32600. Sentiment remains overwhelmingly downbeat. A fall below the major support at 30700 Read more…
Sterling weakened after Britain’s GDP showed a larger-than-expected contraction in April. A rising pennant on the daily suggests that a breakout may soon put an end to the month-long consolidation. 0.8615 is a major supply Read more…
Their fortunes soared with cryptocurrency price records in 2021. It is also shrinking with the price crash. They were the radiant face of the rise of cryptocurrencies in 2021. Some saw them as the symbol Read more…
US stocks closed sharply lower overnight with DOW, S&P 500 and NASDAQ making new lows of the year. As continued aftermath of last week’s CPI data, markets are now adding bets to more aggressive tightening Read more…
Bitcoin, the king of cryptocurrencies, continues to fall, dragging other digital currencies. The dark streak continues for the crypto industry. In the aftermath of a dark day, which saw Bitcoin fall to its lowest level Read more…