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GBPUSD Technical Analaysis The GBPUSD currency pair has experienced a significant event: it has broken through the key support level of 1.2318 and is currently testing this level. The bearish trend is expected to continue, with the target set at the 0.786 Fibonacci retracement level, which is...

AUDUSD Technical Analysis Thursday sees the AUDUSD pair continue its downward trend for the second day in a row, moving away from a nearly three-week high just above the 0.6500 mark. The pair has now hit a low of around 0.6400, a level not seen in over a week. This drop is largely due to the...

US Federal Reserve Holds On Wednesday, the US Federal Reserve, also known as the Fed, decided to keep the policy rate, or federal funds rate, steady at 5.25%-5.5%. This decision was expected by the market and occurred after their September policy meeting. The Fed's policy statement highlighted...

Gold Technical Analysis: The XAUUSD pair, which represents the trading relationship between gold and the US dollar, is currently positioned below a descending channel. This indicates that the market sentiment is leaning towards the bearish side as long as the price of gold remains beneath the...

Analyzing Bitcoin's Potential Rise to $28,500 Bitcoin is currently in the process of testing the pivot point at $27,129 for the second consecutive day. Given the bullish momentum that's building up, it's highly probable that BTCUSD will close above this pivot point in the upcoming trading...

EURUSD Technical Analysis The EURUSD currency pair is currently hovering around a crucial pivot point, situated at 1.069. This pivot area is of significant interest to traders as it often acts as a reliable supply zone for bearish market participants. As such, it's not surprising to see the...

Bitcoin at the 27.315 Resistance: What RSI and Candlestick Patterns Tell Us Bitcoin has successfully reached the resistance level of 27.315 and is currently undergoing testing at this level. The BTCUSD 4-hour chart reveals that the Relative Strength Index (RSI) indicator is in the overbought...

GBPUSD Technical Analysis The GBPUSD currency pair is currently trending downwards, with the RSI indicator moving away from the oversold zone of 30. The pivot and resistance point is around the 1.245 zone, which is a key area for bearish traders to sell the currency pair. Therefore, it's...

EURUSD Forecast Upon examining the daily chart for the EURUSD currency pair, it is evident that the bears have exerted significant downward pressure on the price. This has resulted in a substantial decline, pushing the price all the way down to a crucial support zone. This zone, which extends...

Stablecoin Studio Shines as Bitcoin Weathers the FTX Storm: A Crypto Market Analysis A U.S. Bankruptcy Court judge in Delaware ruled that crypto exchange FTX can use its crypto assets to repay creditors. Bitcoin (BTCUSD) rebounded from $25,000, targeting the $24,129 pivot. Bulls need a close...

EURUSD Bearish Outlook and the Impact of Euro Economy News The EURUSD currency pair has recently tested the 50-day Simple Moving Average (SMA) and the 1.078 resistance zone, but is currently trading below this level. As long as this level remains steady, the outlook for the currency pair will...

USDJPY Analysis: Bulls Thrilling Climb to New Heights The Japanese yen has slowed down a bit against the U.S. dollar after the head of the Bank of Japan made a statement that seemed to favor tighter monetary policy. But, there's some news coming up that could shake things up. People are...

Navigating the Gold Market: An In-depth Look at Recent Trends The price of gold is continuing to drop, moving closer to the $1,900 mark. This is happening because the value of the US Dollar is starting to rise again. This increase is due to a careful approach in the market and a rise in US...

Decoding GBPJPY’s Price Dynamics Amid Weak JPY Fundamentals The GBPJPY currency pair has been exhibiting a rectangular trading pattern since the onset of the week. At present, the pair continues to test the previous week's low at 182.86. Despite this, the market remains bullish above the 182.86...

The Calm Before the Storm: Anticipating the ECB Meeting The European single currency is currently stable, maintaining a level above 1.07. This stability is due to the low volatility in the market today, as investors are hesitant to make significant moves before the European Central Bank's (ECB)...

GBPUSD Analysis: A Dance with the 1.2500 Mark The GBPUSD pair is experiencing a slight increase during the Asian session on Friday, moving away from its three-month low. Despite this, it remains below the 1.2500 mark and traders should exercise caution before betting on a bullish scenario. With...

EURUSD Analysis: Markets Surprised by Q2 GDP Fails The Eurozone’s Q2 2023 GDP was revised, surprising markets that had expected 0.6% growth. Instead, the GDP saw a small increase of 0.1%, falling short of the projected 0.3%. This was due to slow domestic consumption and decreasing exports...

Fed Rate Hike Speculation Rattles Markets The strong ISM data has led to speculation that the Federal Reserve (Fed) might raise interest rates again before the year ends and keep them high for a while. The US 2-year return is now over 5%, and the 10-year return is around 4.30%, meaning the...

EURUSD Analysis: Exploring the Possibility of a Bullish Reversal In July, the number of orders for German-made goods decreased significantly, suggesting that Germany’s manufacturing industry is facing challenges. The decrease was 11.7%, which was more than expected. In the same month, Germany’s...

GBPUSD Recovery Uncertain as UK Factory Activities Decline The GBPUSD is trying to recover from 1.2600, but its recovery is uncertain as UK factory activities keep declining. Despite this, the Bank of England (BoE) is expected to raise interest rates for the 15th time in a row this month. This...