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The first three sessions of the week haven’t been appetizing as the US political uncertainties, the ongoing geopolitical jitters in the Middle East, and the mounting expectation that Federal Reserve (Fed) would slow down the pace of monetary easing pushed investors to the sidelines. Gold ran from record to record despite the rising US yields […]

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18/07/2024

EURCAD Wave Analysis

EURCAD broke key resistance level 1.4920 Likely to rise to resistance level 1.5040 EURCAD currency pair recently broke above the key resistance level 1.4920, which stopped the previous correction (2) at the start of June. The breakout of the resistance level 1.4920 greatly accelerated the active impulse wave c of the ABC correction 2 from […]
15/08/2024

Crude Oil Prices Vulnerable: Is a Fresh Decline on the Horizon?

Key Highlights Crude oil prices struggled to clear the $80.00 resistance zone. A connecting bullish trend line is forming with support at $76.15 on the 4-hour chart. EUR/USD rallied and surpassed the 1.1020 resistance. Bitcoin seems to be facing hurdles near the $61,500 level. Crude Oil Price Technical Analysis Crude oil prices recovered above the […]
29/11/2023

EUR/USD Analysis: Price Reaches the Level of 1.1000

Before yesterday’s trading session, the last time 1 euro was 1.1 USD was in the first half of August. The growth of the rate was facilitated by the weakening of the dollar, which occurred against the background of the words of Christopher Waller, a member of the Fed Board of Governors, who is known for […]