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GBPJPY Wave Analysis 17 July 2024

– GBPJPY reversed from the resistance area – Likely to fall to support level 201.65 GBPJPY currency pair continues to fall after the price reversed down from the resistance area located between the upper trendline of the weekly up channel.

GBPJPY Wave Analysis 17 July 2024
EURCAD Wave Analysis 17 July 2024

– EURCAD broke key resistance level 1.4920 – Likely to rise to resistance level 1.5040 EURCAD currency pair recently broke above the key resistance level 1.4920, which stopped the previous correction (2) at the start of June. The breakout of.

Divergence in US Indices can’t last for long

US equity indices have been in a state of surprising divergence for over a week, with the Dow Jones and Russell 2000 shooting up, the Nasdaq-100 working its way down, and the S&P500 treading water. Russell 2000 futures had racked.

GBP looks stronger than USD thanks to inflation

A batch of inflation statistics from the UK seems to have fuelled the Pound’s rally against the Dollar and Euro, which has been going strong since the beginning of the month. Consumer inflation remained at 2.0%, with the core index.

Market Overview

Crypto Review

Crypto market reversal saves XRP & Litecoin from collapse
Crypto market reversal saves XRP & Litecoin from collapse

Market picture The crypto market is recovering faster than it was falling, adding another 2.4% in 24 hours to $2.4 trillion. Bitcoin has rallied 15% since Saturday, now testing $66K. Ethereum is trying to cross $3500. Among the top coins,.

Bitcoin and Ethereum test 50-day MAs
Bitcoin and Ethereum test 50-day MAs

Market Picture The crypto market has rallied nearly 2% over the past 24 hours to a $2.34 trillion cap, with the slippage at the start of the day pushing the figure to $2.38 trillion, a level last seen on June.

Bitcoin Has Surfaced Following a Dive
Bitcoin Has Surfaced Following a Dive

Market picture On Sunday, the cryptocurrency market moved to a rapid rise, completing a consolidation after a correction. Cryptocurrencies positively played off the strengthening chances of Trump’s victory after the assassination attempt. In addition, buyers were clearly encouraged by how.

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Technical analysis

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GBPJPY Wave Analysis 17 July 2024
GBPJPY Wave Analysis 17 July 2024

– GBPJPY reversed from the resistance area – Likely to fall to support level 201.65 GBPJPY currency pair continues to fall after the price reversed down from the resistance area located between the upper trendline of the weekly up channel.

EURCAD Wave Analysis 17 July 2024
EURCAD Wave Analysis 17 July 2024

– EURCAD broke key resistance level 1.4920 – Likely to rise to resistance level 1.5040 EURCAD currency pair recently broke above the key resistance level 1.4920, which stopped the previous correction (2) at the start of June. The breakout of.

EURJPY Wave Analysis 16 July 2024
EURJPY Wave Analysis 16 July 2024

– EURJPY reversed from pivotal support level 171.35 – Likely to rise to resistance level 175.40 EURJPY currency pair recently reversed up from the pivotal support level 171.35, which has been reversing the price from the end of April. The.

WTI crude oil Wave Analysis 16 July 2024
WTI crude oil Wave Analysis 16 July 2024

– WTI broke support level 80.00 – Likely to fall to support level 78.00 WTI crude oil just broke the round support level 80.00, former resistance from May, which has been reversing the price from June. The breakout of the.

GBPNZD Wave Analysis 15 July 2024
GBPNZD Wave Analysis 15 July 2024

– GBPNZD broke pivotal resistance level 2.1190 – Likely to fall to support level 2.00 GBPNZD recently broke above the pivotal resistance level 2.1190, which reversed the price multiple times from March to May. The breakout of the resistance level.

Natural gas Wave Analysis 15 July 2024
Natural gas Wave Analysis 15 July 2024

– Natural gas broke key support level 2.200 – Likely to fall to support level 2.00 Natural gas recently broke the key support level 2.200, intersecting with the 61.8% Fibonacci correction of the sharp upward impulse from February. The breakout.

GBPUSD Wave Analysis 12 July 2024
GBPUSD Wave Analysis 12 July 2024

– GBPUSD under bullish pressure – Likely to rise to resistance level 1.3120 GBPUSD currency pair is under bullish pressure after the earlier breakout of the resistance level 1.2850, which has been reversing the pair from 2023. The breakout of.

Amazon Wave Analysis 12 July 2024
Amazon Wave Analysis 12 July 2024

– Amazon reversed from support level 192.15 – Likely to rise to the resistance level 200.00 Amazon recently reversed up from the key support level 192.15, the former monthly high from May, acting as the support after it was broken.

Promising divergence of Nasdaq100 and Russell 2000
Promising divergence of Nasdaq100 and Russell 2000

Indices in the US went in different directions. While the market’s flagship gainer of recent years, the Nasdaq100, has lost nearly 2.9% from its peak just after the CPI data, the index of small-cap companies, the Russell 2000, has soared.

GBPAUD Wave Analysis 11 July 2024
GBPAUD Wave Analysis 11 July 2024

– GBPAUD reversed from support level 1.8945, – Likely to rise to resistance level 1.3700 GBPAUD currency pair recently reversed up from the powerful support level 1.8945, which has been repeatedly reversing the price from the start of May. The.

USDCAD Wave Analysis 11 July 2024
USDCAD Wave Analysis 11 July 2024

– USDCAD reversed from key support level 1.3600 – Likely to rise to resistance level 1.3700 USDCAD currency pair recently reversed up from the key support level 1.3600, which has been steadily reversing the price from the start of May..

EURJPY Wave Analysis 10 July 2024
EURJPY Wave Analysis 10 July 2024

– EURJPY broke the key resistance level 174.30 – Likely to rise to the resistance level 176.00 EURJPY currency pair recently broke above the key resistance level 174.30, which stopped the previous impulse wave I at the start of July..

S&P 500 Wave Analysis 10 July 2024
S&P 500 Wave Analysis 10 July 2024

– S&P 500 broke key resistance level 5500.00 – Likely to rise to resistance level 5700.00 S&P 500 Index is under the bullish pressure after the price broke above the key resistance level 5500.00, which stopped the previous waves i.

USDJPY Wave Analysis 9 July 2024
USDJPY Wave Analysis 9 July 2024

– USDJPY reversed from the key support level 160.00 – Likely to rise to the resistance level 162.00 USDJPY currency pair recently reversed up from the key support level 160.00 (former resistance from April, which stopped the previous impulse wave.

GBPUSD Wave Analysis 9 July 2024
GBPUSD Wave Analysis 9 July 2024

– GBPUSD reversed from the long-term resistance level 1.2850 – Likely to fall to support level 1.2725 GBPUSD currency pair is under bearish pressure after the earlier downward reversal from the long-term resistance level 1.2850, which has been reversing the.

Nasdaq 100 Index Wave Analysis 8 July 2024
Nasdaq 100 Index Wave Analysis 8 July 2024

– Nasdaq 100 rising inside impulse wave 3 – Likely to test resistance level 20775.00 Nasdaq 100 index continues to rise inside the accelerated impulse wave 3, which previously broke the round resistance level 200000.00 (which stopped the previous waves.

Gold Wave Analysis 8 July 2024
Gold Wave Analysis 8 July 2024

– Gold reversed from resistance level 2400.00 – Likely to fall to support level 2325.00 Gold today reversed down with the Bearish Engulfing from the key resistance level 2400.00 (which reversed the price at the start of June). The resistance.

GBPUSD Wave Analysis 5 July 2024
GBPUSD Wave Analysis 5 July 2024

– GBPUSD rising inside wave 2 – Likely to rise to resistance level 1.2850 GBPUSD currency pair recently reversed up from the key support level 1.2630 (which also stopped the earlier impulse ii at the end of June). The support.

USDCAD Wave Analysis 5 July 2024
USDCAD Wave Analysis 5 July 2024

– USDCAD reversed from powerful support level 1.3620 – Likely to rise to resistance level 1.3700 USDCAD currency pair just reversed up from the powerful support level 1.3620 (which has been steadily reversing the pair from the start of May)..

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Brokers News

Get ready for NVIDIA Stock Split
Get ready for NVIDIA Stock Split

Nvidia (NVDA) has announced a 10-for-1 stock split. 📅 The split is set to happen after the US stock market closes on June 7, with trading on a post-split basis starting on June 10. Key points to note: At FxPro,.

⚡️Calling all EV Stock Sharks⚡️
⚡️Calling all EV Stock Sharks⚡️

Zeekr, China’s Tesla rival, recently had its IPO, and now you can trade it at FxPro!You can find this new stock on the FxPro platform & mobile app with the FxPro MT5 account type under the ticker ZK.N ✅Trade from.

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.

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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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