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EUR/USD: Reasons Behind the Dollar’s Strengthening The past week was notably sparse in terms of macroeconomic statistics. Consequently, the market participants’ sentiment largely depended on the statements made at the World Economic Forum in Davos (WEF). It’s worth noting that this event, held annually at a ski resort in Switzerland, gathers representatives of the global […]

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11/04/2024

US Dollar Strengthens Following High Inflation Data

The EUR/USD pair has experienced a significant decline, stabilising around 1.0745 by Thursday. This movement follows the US releasing inflation data that exceeded expectations, underscoring the ongoing battle against inflation. The March consumer price index (CPI) increased by 0.4% month-on-month, matching February’s rise but surpassing the anticipated 0.3%. The annual inflation rate intensified to 3.5% […]
07/08/2024

EURCAD Wave Analysis

EURCAD reversed from resistance level 1.5110 Likely to fall to support level 1.5000 EURCAD currency pair recently reversed down from the long-term resistance level 1.5110 (which has been reversing the price from the start of 2011), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 1.5110 created the weekly […]
28/06/2024

Natural Gas Wave Analysis

Natural gas reversed from resistance zone Likely to fall to support level 2.6000 Natural gas recently reversed down from the resistance zone located between the resistance levels 3.200 and 3.0000, which have been reversing the price from the start this year, as can be seen below. The aforementioned resistance zone was further strengthened by the […]