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EURUSD reversed from resistance zone Likely to fall to support level 1.0450 EURUSD currency pair recently reversed down with the long-legged Doji from the resistance area between the upper daily Bollinger Band, pivotal resistance level 1.0610 (former multi-month support from April) and the 50% Fibonacci correction of the downward impulse from the start of November. […]

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12/11/2024

EURUSD Wave Analysis

EURUSD under bearish pressure Likely to fall to support level 1.0600 EURUSD currency pair is under bearish pressure after the earlier breakout of the key support level 1.0685, which has been reversing the price from the middle of June. The breakout of the support level 1.0685 should strengthen the bearish pressure on this currency pair. […]
20/09/2024

Cliff Notes: 50 Proves the Magic Number

Key insights from the week that was. The main update for Australia this week was August’s Labour Force Survey. The result again emphasised the strength of labour demand, with employment growing by 47,000, ahead of the 37,000 estimated increase in the labour force. The unemployment rate was unchanged in the month at 4.2%, but only […]
29/05/2024

Bitcoin Gathering Its Strength

Market picture The crypto market added 1.3% in 24 hours to $2.58 trillion. This is roughly the area where trading has been centred for the last week, despite attempts by speculators to rock the market. Volatility in the market has decreased, with prices of the major coins varying between -1.3% (Toncoin) and 3.3% (Solana), while […]