Navigate the Financial Wilderness!
Navigate the Financial Wilderness!

Forex & Financial news and FxPro analytics

EURJPY Wave Analysis 20 May 2024
Technical analysis
EURJPY Wave Analysis 20 May 2024

– EURJPY broke resistance level 169.40 – Likely to rise to resistance level 171.00 EURJPY is currency under the bullish pressure after the recent breakout of the minor resistance level 169.40, which reversed the price last week. The breakout of.

EURJPY Wave Analysis 20 May 2024
Technical analysis
EURJPY Wave Analysis 20 May 2024

– EURJPY broke resistance level 169.40 – Likely to rise to resistance level 171.00 EURJPY is currency under the bullish pressure after the recent breakout of the minor resistance level 169.40, which reversed the price last week. The breakout of.

Natural gas Wave Analysis 20 May 2024
Technical analysis
Natural gas Wave Analysis 20 May 2024

– Natural gas rising inside impulse waves 3 and (1) – Likely to reach resistance level 3.000 Natural gas continues to rise sharply after recently breaking the resistance level 2.600 intersecting with the 50% Fibonacci correction of the downtrend from.

Oil shows weakness 
Market Overview
Oil shows weakness 

Oil is losing about 0.75% of its peak on Monday, having hit a strengthening sell-off as it attempts to climb above $80/bbl WTI and $84/bbl Brent. Interestingly, oil is declining despite the death of Iran’s president, which should reinforce the.

Bitcoin cautious despite global rise in risk appetite
Crypto Review
Bitcoin cautious despite global rise in risk appetite

Market picture Crypto market capitalisation rose 5.2% over the past seven days to $2.41 trillion. Over the weekend, it reached $2.44 trillion, its highest level in nearly four weeks. Bitcoin is treading near local highs, remaining just below $67K. That’s.

Brent crude oil Wave Analysis 17 May 2024
Technical analysis
Brent crude oil Wave Analysis 17 May 2024

– Brent crude oil reversed from key support level 81.00 – Likely to test resistance level 84.00 Brent crude oil recently reversed up from the key support level 81.00 (which has been reversing the price from the start of February).

Silver Wave Analysis 17 May 2024
Technical analysis
Silver Wave Analysis 17 May 2024

– Silver broke multi-year resistance level 29.50 – Likely to reach resistance level 32.00 Silver recently broke the key multi-year resistance level 29.50 (which has been reversing the price from the middle of 2020, as can be seen from the.

The dollar index clings to the uptrend
Market Overview
The dollar index clings to the uptrend

The US dollar is not giving up without a fight, gaining for the second day in a row against a basket of major currencies. Buyers seized the initiative after the Dollar touched the lower bound of its uptrend, which coincided.

After surpassing $30, silver may aim for $50
Market Overview
After surpassing $30, silver may aim for $50

Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling intensification from that level for the first time in four years and has pulled back to $29.40 at the time of writing. Silver does not.

The crypto market is ready to grow further
Crypto Review
The crypto market is ready to grow further

Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers stepped up again, bringing capitalisation back to levels from the day before at $2.39 trillion. Strong growth was followed by rapid profit-taking, which is a.

Amazon Wave Analysis 16 May 2024
Technical analysis
Amazon Wave Analysis 16 May 2024

– Amazon reversed from resistance level 190.00 – Likely to fall to support level 180.00 Amazon recently reversed down from the resistance level 190.00 (previous monthly high from April), strengthened by the upper daily Bollinger Band. The downward reversal from.

USDCHF Wave Analysis 16 May 2024
Technical analysis
USDCHF Wave Analysis 16 May 2024

– USDCHF reversed from round support level 0.9000 – Likely to rise to resistance level 0.9100 USDCHF currency pair recently reversed up from the round support level 0.9000 (which stopped the previous corrections iv, 4 ii, 1). The support level.

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