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EURUSD reversed from support level 1.1030 Likely to rise to resistance level 1.1200 EURUSD recently reversed up from the support level 1.1030 (former resistance from August, acting as the support after it was broken by the previous impulse wave iii). The upward reversal from the support level 1.1030 created the daily Japanese candlesticks reversal pattern […]

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17/07/2024

Australian Dollar Eyes Employment Report

The Australian dollar is steady on Wednesday. AUD/USD is trading at 0.6743 early in the North American session, up 0.08% on the day. Australia releases the June employment report early on Thursday. The market estimate stands at 20 thousand, compared to 39.7 thousand in May, which was a three-month high. The labor market has been […]
07/03/2024

Bank of Canada Maintains Interest Rate, No New Guidance on Cuts

The Bank of Canada maintained the overnight rate at 5.0%, while stating that it will continue with Quantitative Tightening (QT). The Bank highlighted the slowing in economic momentum, stating that growth “remained weak and below potential”, while emphasizing that “final domestic demand contracted with a large decline in business investment”. It also stated that “employment […]
04/04/2024

EURUSD Wave Analysis

EURUSD reversed from key support level 1.0730 Likely to rise to resistance level 1.0860 EURUSD currency pair recently reversed up from the key support level 1.0730, which has been reversing the pair from the start of December, standing near the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October […]