Navigate the Financial Wilderness!
Navigate the Financial Wilderness!

Forex & Financial news and FxPro analytics

Natural Gas Wave Analysis 20 November 2024
Technical analysis
Natural Gas Wave Analysis 20 November 2024

– Natural gas broke the multi-month resistance level 3.150 – Likely to rise to resistance level 3.750 Natural gas continues to rise strongly after the earlier breakout of the key multi-month resistance level 3.150, reversing the price from May. The.

Coca-Cola Wave Analysis 20 November 2024
Technical analysis
Coca-Cola Wave Analysis 20 November 2024

Coca-Cola earlier reversed up from the support zone between the pivotal support level 61.35 (former monthly high from February and March) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal.

The pound falls despite an acceleration in inflation
Market Overview
The pound falls despite an acceleration in inflation

UK inflation accelerated to 2.3%, its highest level since March, but this did not boost the Pound significantly. Producer prices also exceeded expectations, but remain disinflationary. The Pound's failure to hold above 1.2700 suggests a bearish outlook with a potential target near 1.23.

The crypto market loses some spark
Crypto Review
The crypto market loses some spark

The cryptocurrency market cap is up 0.3% in 24 hours. Bitcoin reached new all-time highs on Tuesday night, but did not trigger stop orders like last week.

S&P 500 index Wave Analysis 19 November 2024
Technical analysis
S&P 500 index Wave Analysis 19 November 2024

– S&P 500 index reversed from support zone – Likely to rise to resistance level 6000.00 S&P 500 index recently reversed up from the pivotal support level 5850.00 (former multi-day resistance from October). The support level 5850.00 was further strengthened.

EURCAD Wave Analysis 19 November 2024
Technical analysis
EURCAD Wave Analysis 19 November 2024

– EURCAD reversed from resistance level 1.4885 – Likely to fall to support level 1.4750 EURCAD currency pair recently reversed down from the resistance level 1.4885 (which is the lower border of the wide sideways price range inside which the.

Temporary dollar dip or intrinsic euro strength?
Market Overview
Temporary dollar dip or intrinsic euro strength?

The dollar index is pulling back, potentially indicating the end of its range or a shakeout after a prolonged rally. The battle between bulls and bears may determine the trend in the coming weeks.

Bitcoin is aiming for $110K
Crypto Review
Bitcoin is aiming for $110K

Crypto market has paused after rallying since the end of last week with Bitcoin is trading at near $92K - the upper boundary.

Gold Wave Analysis 18 November 2024
Technical analysis
Gold Wave Analysis 18 November 2024

– Gold reversed from key support level 2550.00 – Likely to rise to resistance level 2650.00 Gold recently reversed up from the support zone located between the key support level 2550.00 (which also reversed the price in the middle of.

EURUSD Wave Analysis 18 November 2024
Technical analysis
EURUSD Wave Analysis 18 November 2024

– EURUSD reversed from long-term support level 1.0500 – Likely to rise to resistance level 1.0620 EURUSD currency pair recently reversed up from the major long-term support level 1.0500 (which has been steadily reversing the price from the start of.

Oil at the lower end of the range
Market Overview
Oil at the lower end of the range

Oil prices have started the week at the lower end of the trading range, potentially leading to a sharp decline or rebound. Natural gas prices started the week near upper boundary of this year training range.

Altcoins Gain Momentum
Crypto Review
Altcoins Gain Momentum

Altcoins are driving the crypto market's growth, with XRP surpassing $1 and optimism around Dogecoin and Cardano. Bitcoin is seeing institutional trader interest while retail investors move into altcoins.

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21/11/24 | 08:00 (GMT)
AUD | RBA Governor Michele Bullock Speaks !!!
AUDJPY 96.145
AUDNZD 1.08561
AUDUSD 0.66638