Navigate the Financial Wilderness!
Navigate the Financial Wilderness!
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How Low Can the USDJPY Go? 

USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over 4.5% from a peak of 160.2 at the start of trading on Monday. Behind the pair’s rise is a long-term fundamental factor: a huge and.

How Low Can the USDJPY Go? 
Bitcoin’s Downtrend, Solana and Ethereum Form Double Bottom

Market picture  Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation bottomed near $2.10 trillion, confirming a sequence of declining local lows (2.3 in March, 2.25 in April) and highs (2.76 in mid-March, 2.67 in early.

EURJPY Wave Analysis 2 May 2024

– EURJPY under strong bearish pressure – Likely to fall to support level 163.10 EURJPY under the strong bearish pressure after the price reversed down from the major multi-year resistance level 170.00 (which started the sharp weekly downtrend back in.

WTI crude oil Wave Analysis 2 May 2024

– WTI broke round support level 80.00 – Likely to fall to support level 76.00 WTI crude oil recently broke the round support level 80.00 (which has been reversing the price from the middle of March) standing close to the.

Market Overview

Crypto Review

Bitcoin’s Downtrend, Solana and Ethereum Form Double Bottom
Bitcoin’s Downtrend, Solana and Ethereum Form Double Bottom

Market picture  Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation bottomed near $2.10 trillion, confirming a sequence of declining local lows (2.3 in March, 2.25 in April) and highs (2.76 in mid-March, 2.67 in early.

A new stage of Bitcoin’s decline 
A new stage of Bitcoin’s decline 

Market Picture  Bitcoin’s closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level.  Bitcoin ended April down 15.5% to $59.9K, after six months.

Another Dip in Crypto Capitalization 
Another Dip in Crypto Capitalization 

Market picture  The crypto market capitalisation decreased by another 1.5% to $2.27 trillion, getting closer and closer to the April lows just above $2.22 trillion. Contrary to expectations, after the halving, the pressure on the market increased, in full accordance.

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Technical analysis

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EURJPY Wave Analysis 2 May 2024
EURJPY Wave Analysis 2 May 2024

– EURJPY under strong bearish pressure – Likely to fall to support level 163.10 EURJPY under the strong bearish pressure after the price reversed down from the major multi-year resistance level 170.00 (which started the sharp weekly downtrend back in.

WTI crude oil Wave Analysis 2 May 2024
WTI crude oil Wave Analysis 2 May 2024

– WTI broke round support level 80.00 – Likely to fall to support level 76.00 WTI crude oil recently broke the round support level 80.00 (which has been reversing the price from the middle of March) standing close to the.

Ebay Wave Analysis 30 April 2024
Ebay Wave Analysis 30 April 2024

– Ebay under the bearish pressure – Likely to fall to support level 51.00 Ebay under the bearish pressure after the price reversed down from the strong resistance level 52.50, (which has been reversing the price from March) – strengthened.

GBPAUD Wave Analysis 30 April 2024
GBPAUD Wave Analysis 30 April 2024

– GBPAUD reversed from key support level 1.9135 – Likely to rise to resistance level 1.9400 GBPAUD currency pair recently reversed up from the key support level 1.9135, which reversed the price sharply in April. The support level 1.9135 was.

ANF Wave Analysis 29 April 2024
ANF Wave Analysis 29 April 2024

ANF rising inside the minor correction B, which started earlier from the key support level 113.40, which has been reversing the pair from the middle of February. The price is currently approaching the resistance trendline of the daily down channel.

GBPUSD Wave Analysis 29 April 2024
GBPUSD Wave Analysis 29 April 2024

– GBPUSD rising inside minor correction 2 – Likely to rise to resistance level 1.2700 GBPUSD currency pair continues to rise inside the minor correction 2, which started earlier, when the pair reverse dup with the daily Morning Star form.

USDJPY Wave Analysis 26 April 2024
USDJPY Wave Analysis 26 April 2024

– USDJPY broke key resistance level 155.00 – Likely to rise to resistance level 160.00 USDJPY currency pair recently broke the key resistance level 155.00, which led to the acceleration of the active impulse waves 3 and (3). The pair.

Ebay Wave Analysis 26 April 2024
Ebay Wave Analysis 26 April 2024

– Ebay reversed from support level 49.35 – Likely to rise to resistance level 52.55 Ebay recently reversed up exactly from the major support level 49.35, former multi-month support level from July of last year, as can be seen below..

GBPCAD Wave Analysis 25 April 2024
GBPCAD Wave Analysis 25 April 2024

– GBPCAD reversed from key support level 1.6910 – Likely to rise to resistance level 1.7230 GBPCAD currency pair recently reversed up sharply from the key support level 1.6910, (former monthly low from February), standing well below the lower daily.

GBPAUD Wave Analysis 25 April 2024
GBPAUD Wave Analysis 25 April 2024

– GBPAUD reversed from support level 1.9135 – Likely to rise to resistance level 1.9360 GBPAUD currency pair recently reversed up from the pivotal support level 1.9135, which has been reversing the price from the start of April, intersecting with.

EURGBP Wave Analysis 24 April 2024
EURGBP Wave Analysis 24 April 2024

– EURGBP reversed from resistance level 0.8625 – Likely to fall to support level 0.8550 EURGBP currency pair recently reversed down from the key resistance level 0.8625, which has been reversing the price from January, intersecting with the 50% Fibonacci.

EURJPY Wave Analysis 24 April 2024
EURJPY Wave Analysis 24 April 2024

– EURJPY under bullish pressure – Likely to rise to resistance level 167.00 EURJPY currency pair under the bullish pressure after the price broke through the key resistance level  165.00, which has been reversing the price from March. The breakout.

WTI crude oil Wave Analysis 23 April 2024
WTI crude oil Wave Analysis 23 April 2024

– WTI crude oil reversed from support zone – Likely to rise to resistance level 86.00 WTI crude oil recently reversed up from the support zone lying between the round support level 80.00 (low of wave (iv) from March), lower.

USDCAD Wave Analysis 23 April 2024
USDCAD Wave Analysis 23 April 2024

– USDCAD reversed from long-term resistance level 1.3840 – Likely to fall to support level 1.3600 USDCAD currency pair continues to fall after the pair reversed down with the weekly Shooting Star from the major long-term resistance level 1.3840, which.

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Brokers News

Viking Sets Sail for IPO on May 1st – Catch the Waves with FxPro!
Viking Sets Sail for IPO on May 1st – Catch the Waves with FxPro!

Viking Holdings, the cruise line known for its luxurious escapes, is setting sail for the public market, with an expected trading date of May 1, 2024. But you don’t need a ticket to ride this wave! Here’s how you can.

Calling all Redditors! Are you READY for RDDT??
Calling all Redditors! Are you READY for RDDT??

📰The front page of the internet, Reddit, is about to set Wall Street on fire with its upcoming IPO on March 21st, aiming for a $6.4 billion valuation. 🔥 🎮Remember the Gamestop saga in 2021? Reddit’s powerful online communities can.

Birkenstock set to debut on the NYSE
Birkenstock set to debut on the NYSE

The initial-public-offering (IPO) market is once again abuzz with excitement as iconic German sandal maker Birkenstock prepares for its much-anticipated stock debut. The company is poised to make a splash on the New York Stock Exchange (NYSE) this week. Birkenstock,.

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Brexit

Brexit reality stokes fears for the peace in Northern Ireland
Brexit reality stokes fears for the peace in Northern Ireland

The deep anger among some pro-British unionists in Northern Ireland over post-Brexit trade barriers that cut it off from the rest of the United Kingdom is emblazoned along the road from Belfast to the mainly Protestant port town of Larne..

Pound Optimism Fades Along With Brexit Glow for Asset Managers
Pound Optimism Fades Along With Brexit Glow for Asset Managers

The pound’s Brexit deal honeymoon looks well and truly over, with the currency off to the worst start to the year among its Group-of-10 peers. Allianz Global Investors has taken a short position on sterling against the euro, citing the.

The Brexit deal leaves the future uncertain for financial services — here’s what is at stake
The Brexit deal leaves the future uncertain for financial services — here’s what is at stake

Britain formally left the European Union’s trade bloc on Dec. 31, marking a new era for the U.K.-EU relationship. After months of wrangling, new rules for trade were finally agreed just days before the year-end deadline. But in a document.

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