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Navigate the Financial Wilderness!
Navigate the Financial Wilderness!

Forex & Financial news and FxPro analytics

NZDJPY Wave Analysis 23 July 2024
Technical analysis
NZDJPY Wave Analysis 23 July 2024

– NZDJPY falling inside ABC correction (2) – Likely to reach support level 92.00 NZDJPY currency pair falling sharply after the price broke the support area located between the support level 95.50 and the 38.2% Fibonacci retracement of the previous impulse.

EURUSD Wave Analysis 23 July 2024
Technical analysis
EURUSD Wave Analysis 23 July 2024

– EURUSD reversed from resistance area – Likely to fall to support level 1.0800 EURUSD currency pair recently reversed down from the resistance area set between the multi-month resistance level 1.0920 (which has been reversing the price from the start of.

Dollar Bears paused, breaking the uptrend
Market Overview
Dollar Bears paused, breaking the uptrend

Last week, the dollar index regained some of its losses from the previous four weeks, but technically, it looks like short-term profit-taking by sellers before a new downward momentum. The US dollar has been under pressure since late June as.

Crypto: Tactical Retreat from the Peak
Crypto Review
Crypto: Tactical Retreat from the Peak

Market picture The cryptocurrency market lost 2% of its capitalisation in 24 hours to $2.41 trillion. However, this is a pullback from a high base. This tug-of-war between bulls and bears points to the importance of the current situation. Bitcoin.

General Electric Wave Analysis 22 July 2024
Technical analysis
General Electric Wave Analysis 22 July 2024

– General Electric reversed from support area – Likely to rise to resistance level 165.00 General Electric earlier reversed up from the support area located between the key support level 156.55 (which reversed the price multiple times from June), lower daily Bollinger.

S&P 500 Wave Analysis 22 July 2024
Technical analysis
S&P 500 Wave Analysis 22 July 2024

– S&P 500 continues daily uptrend – Likely to rise to resistance level 5675.00 S&P 500 Index recently reversed from the support area between the key support level 5500.00 (former resistance from June) and the 38.2% Fibonacci correction of the.

Crude Oil went back to crucial support. What’s next?
Market Overview
Crude Oil went back to crucial support. What’s next?

Crude oil is hitting five-week lows, trading at $78.3 per barrel WTI. Oil volatility has been declining for two years, forming a sequence of lower peaks and higher lows. A very similar pattern in oil was formed in 2011-2014 and.

Crypto rests after another rise
Crypto Review
Crypto rests after another rise

Market picture The cryptocurrency market is near 6-week highs, with capitalisation near $2.44 trillion, adding 0.5% in the last 24 hours. A wait-and-see attitude and some profit-taking replaced active buying in the last three days starting Friday. Judging by the.

Gold Wave Analysis 19 July 2024
Technical analysis
Gold Wave Analysis 19 July 2024

– Gold reversed from resistance area – Likely to fall to support level 2350.00 Gold recently reversed down from the resistance area located between the pivotal resistance level 2440.00 (which stopped the previous waves 3 and 5, as can be.

GBPUSD Wave Analysis 19 July 2024
Technical analysis
GBPUSD Wave Analysis 19 July 2024

– GBPUSD reversed from resistance area – Likely to fall to support level 1.2820 GBPUSD currency pair earlier reversed down from the resistance area located between the key resistance level 1.3060 (which stopped the multi-month uptrend in July) and the.

Gold: a reversal or a typical retreat?
Market Overview
Gold: a reversal or a typical retreat?

Gold made an impressive 3% surge during the week, breaking May’s all-time highs. However, it then retreated to the downside, selling off throughout the second half of the week. What should you watch out for to see if this is.

No rush in crypto
Crypto Review
No rush in crypto

Market picture The crypto market cap fell 1% in 24 hours to $2.36 trillion, in line with the US market’s losses during that time. The pullback in traditional finances explains why Bitcoin is dragging the overall crypto market down. Bitcoin.

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