Forex & Financial news and FxPro analytics

• Chevron broke long-term resistance level 112.16 • Likely to rise to resistance level 120.00                                                                   Chevron Corporation continues to rise after the price broke the long-term resistance level 112.16 (former monthly high from March and May). The breakout of this...

• GBPJPY reversed from support zone • Likely to rise to resistance level 158.30                                                                   GBPJPY recently reversed up from the support zone lying between the key support level 156.15 (former multi-month resistance from May) and the 38.2% Fibonacci correction of...

The crypto market continues to be in a positive frame of mind with a total capitalisation of around $2.6 trillion. Bitcoin received support earlier in the week on a decline to $60K but failed to take the upside path steadily....

The US Dollar has been losing ground for the past two weeks, but it looks more like a tactical retreat before a new surge, while significant near-term factors are playing on the Dollar’s side. US central bank officials are bolstering...

• Natural gas broke daily down channel • Likely to rise to resistance level 6.3                                                                         Natural gas continues to rises strongly after the price broke the daily down channel from the start of October (which enclosed the previous ABC correction...

• EURUSD reversed from resistance zone • Likely to fall to support level 1.1570                                                                         EURUSD currency pair recently reversed down from the resistance zone lying between the pivotal resistance level 1.1675 (former monthly low from August), upper daily Bollinger Band...

Gold rose for the fifth consecutive trading session, coming close to testing a critical technical and psychological level near $1800. The bears are in no hurry to give up, foiling attempts by Gold and other precious metals to accelerate their...

Business activity in the eurozone avoided a sharp decline despite a surge in energy prices in September and October. As a result, the euro is developing a rebound from multi-month lows against the franc and pound. There is also a...

• Verizon reversed from resistance zone • Likely to fall to support level 51.00                                                                           Verizon recently reversed down from the resistance zone lying between the pivotal resistance level 53.75 (former multi-month support from February) and the 50% Fibonacci correction of...

• EURCHF broke long-term support level 1.0675 • Likely to fall to support level 1.0650                                                                         EURCHF continues to fall after the price broke the long-term support level 1.0675 (which has been reversing the pair from October of 2020). The breakout...

• GBPCAD reversed from resistance zone • Likely to fall to support level 1.6900                                                                      GBPCAD recently reversed down from the resistance zone lying between the major resistance level 1.7050 (former long-term support from May) and the 61.8% Fibonacci correction of...

Flash UK PMIs for October beat expectations after a weak retail sales report earlier today. The manufacturing PMI rose from 57.1 to 57.7, and the service sector index rose from 55.4 to 58.0. Both were expected to show slowing growth,...