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EURCAD: ⬆️ Buy EURCAD reversed from support level 1.5950 Likely to rise to resistance level 1.6100 EURCAD currency pair recently reversed up from the strong support level 1.5950 (former double top from April, acting as the support after it was broken). The upward reversal from the support level 1.5950 continues the active short-term impulse wave […]

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17/01/2025

Sunset Market Commentary

Markets European equities are on track to end the week with a bang. The EuroStoxx50 had an excellent week, shrugging off a weak start to finish around 5% higher and to its strongest level since 2000. Wall Street, already being near record highs had to settle for less. They do open with gains that make […]
13/12/2024

AUDCHF: Bearish Outlook

The Australian Dollar (AUD) edged higher on Thursday, recovering some ground against the US Dollar (USD) after the release of US jobs data. The AUDUSD pair is trading at 0.6392, marking a 0.36% increase. Mixed US economic data impacted the Greenback. The US Bureau of Labor Statistics (BLS) reported that initial jobless claims jumped to […]
12/12/2023

EURJPY Rotates Higher, But Trend Risks Remain

EURJPY pauses sharp downfall near 200-day SMA Oversold, but trend signals remain discouraging EURJPY turned oversold near its 200-day simple moving average (SMA) after a heavy bearish storm squeezed the pair from fifteen-year highs to a four-month low of 153.00 last week. The latest freefall in the price has breached the June-November bullish channel, charting a new lower […]