Genevieve

1H timeframe the price has a tendency of Ascending Channel. Currently the price is bouncing and roaming at Channel support $169.655. And now the price has formed double bottom to signify that Buyers Will be in control of the market and vice versa after breakout of Support. Target after reversal is l

Since the beginning of this year, the Federal Reserve has raised interest rates sharply to combat inflation that has been at a high level in more than 40 years, and the USD index has soared, with a cumulative increase of more than 10% this year. At present, the expectation that the Fed will con

EURUSD is trading in the descending channel on the 4H timeframe. In the previous posts, we've described a range zone as resistance or support. Currently, the market has bounced off the range zone, and it probably will test the support zone. We expect bearish moves.

USDCAD is going up quite a bit right now. The reason for that is that OIL is slightly DOWN and the US CPI DATA is very good. So now USD has become very STRONG. SENTIMENT related to USD became WEAK in recent days. But now with good DEMAND for US YEILD, USD is moving UP. Due to this reason, STOCKS can

I think GU is currently in a wave 3 and is now in an ABC correction. If price bounces off a fib level(50%,60% or maybe 70%) it is a likely indication that the wave C of the correction is over and the wave 3 will continue upwards. Remember to watch price action and only enter when you're most certain

The price of AUD trades as a proxy to Chinese growth. AUD/USD: Retail trader data shows 55.17% of traders are net-long with the ratio of traders long to short at 1.23 to 1. The number of traders net-long is 1.85% lower than yesterday and 7.61% higher from last week, while the number of traders net-s

The People's Bank of China (PBOC) has set the yuan reference rate at 6.7796. The pair closed at 6.7990 on Thursday.

Photo: FM It’s been a big year for crypto. Even though price drops and declines in trading volume may have characterized the past few weeks, Simon Peters, a market analyst for social trading firm eToro, would like to remind traders to take the long view. Despite the fact that “September was subdue

Dollar and Yen retreat mildly today risk aversion recedes slightly. But as Asian markets struggle to find momentum for a rebound, risk aversion could come back any time before weekly close. As for the week, the greenback remains the strongest one, followed by Yen. Australian Dollar is the worst perf

Daily Pivots: (S1) 104.55; (P) 104.81; (R1) 105.22; USD/JPY’s rebound from 104.00 continues today and focus is back on 105.20 support turned resistance. Decisive break there would indicate short term bottoming. Stronger rebound would be seen back to 106.94 resistance. Nevertheless, rejection by 105.