I think the market environment could soon favor the yen against the euro. Yields are down in the euro zoe and the situation could change in Japan before the next BoJ meeting in September. There are many doubts about the european economy, a yield curve is still inverted which may indicate a possible recession.
TSLA looks like it will retest the resistance zone at $738 .
The us dollar is fundamentally strong so i don't see a reason to go against it.
For now, we should mainly be looking at small intraday trades inside the range. There is no clear direction at the moment!
GBPUSD has rejected the resistance at 1.1932 and is looking to break down below the 50 period moving average. My target is at 1.1700
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USDJPY has broken out and retested its range on the 4h timeframe. US dollar is fundamentally strong and JPY continues to weaken due to the bank of japan easing policy.
For the past decade, bitcoin has never closed 2 yearly candles in the row in red. SO dead or opportunity ??
The mood in the global stock market is slightly more gloomy at the start of this new week. The majority of Asian indices have fallen and the start of the NY session does not look very bullish either. US index futures are also trading slightly lower. However, the US indices could experience a little more action from this week, with the start of the earnings season...
By analyzing the quotes chart of the main cryptocurrency, we can observe that BTCUSDT is moving in an uptrend initiated on June 18, 2022. At the moment, the most popular cryptocurrency is testing the supports set by the 50 and 100 periods exponential moving averages.
EURGBP reached key technical support yesterday which is marked by the lower boundary of the broad 1:1 structure. Support at 0.8460 is also marked by the 50% Fibonacci retracement of the recent bullish swing started in March 2022.As long as the rate is above the 0.8460 area, we can expect the the pair to continue its upward movement. Moreover, the recent downward...
GBPAUD is currently in a range on the 4 Hour timeframe. I am expecting it to drop to 1.7600 .
Using pivot points, we are gonna go over a few opportunities in the FOREX market.
I am looking forward to a breakout above resistance and an uptrend continuation on EURUSD
I am still bullish on this pair. Perfect retracement has been made with higher market structure
As said in my previous analysis, GBPUSD keeps making bullish market structure. I am currently waiting to see price break and retest above the resistance and continue its uptrend!
EURUSD has made a new higher low on a pivot point. We should be expecting a higher high above the reisitance;)
GBPUSD has made bullish market structure in the pâst week. It looks like it will continue this week ;)