XAGUSD is approaching its resistance at 14.66 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 14.30 (78.6% Fibonacci retracement,61.8% Fibonacci extension, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected.
US inflation report for March released on Tuesday stirred debates about inflation peaking (core inflation 6.5% vs. 6.6% forecast, used car prices -3.8%), but the bearish impact on the USD was short-lived — Fed hawk Brainard came to the rescue with comments about interest rate and QT, which fueled rally of Treasury yields. According to […]
Type: Bullish Bounce Key Levels: Resistance: 1.0947 Pivot: 1.08102 Support: 1.06461 Preferred Case: EURUSD price is near a key pivot. We see the potential for a bullish bounce from our pivot level of 1.08102 in line with 161.8% Fibonacci extension towards our 1st resistance level of 1.09381 in line with a 38.2% Fibonacci retracement and […]
Japanese Finance Minister Shunichi Suzuki said on Wednesday sharp currency moves were «very problematic», escalating his warning against excessive yen declines following the currency’s slide to a two-decade low against the dollar. Suzuki made the remarks to reporters after the yen’s fall below 126 to the dollar, which marks the first break below that level […]
Bitcoin was down 0.8% on Tuesday, ending the day near $39,500. On Wednesday morning, the price stabilized around the $40K level, showing a slight increase of 0.4% over the past 24 hours. Ethereum added 1.8% during the same time. Other leading altcoins from the top ten are showing growth in the range from 0.9% (Avalanche) […]
