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Navigate the Financial Wilderness!
Navigate the Financial Wilderness!

Forex & Financial news and FxPro analytics

USDJPY Wave Analysis 26 April 2024
Technical analysis
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
Technical analysis
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..

False Alert with Yen Interventions?
Market Overview
False Alert with Yen Interventions?

Even though the Bank of Japan left the key rate and parameters of the QE programme unchanged, the central bank’s inaction increased the pressure on the national currency. This resulted in USDJPY reaching 156.80 and EURJPY reaching 2007–2008 levels, which.

Cooler Bitcoin 
Crypto Review
Cooler Bitcoin 

Market picture  Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to $2.37 trillion over the last 24 hours. After the halving, the bulls intensified their efforts to boost prices, but by the end of the week,.

GBPCAD Wave Analysis 25 April 2024
Technical analysis
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
Technical analysis
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.

US economy: slower growth with stronger inflation 
Market Overview
US economy: slower growth with stronger inflation 

The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously.

The Nasdaq100 might retreat to 15800  
Market Overview
The Nasdaq100 might retreat to 15800  

Change in the Nasdaq100. The selling on the Nasdaq100 from 12 to 19 April, which sent the index down more than 7%, has stimulated buying interest this week. They see falling prices as an opportunity to buy stocks at a reduced.

Crypto: Bears are plotting a new attack
Crypto Review
Crypto: Bears are plotting a new attack

Market picture  Over the past 24 hours, the cryptocurrency market has lost more than 3.5%, falling to a capitalisation of $2.37 trillion. Bitcoin shows a decline with a similar amplitude; Ethereum lost less than 3%, while BNB added 0.1%, and.

EURGBP Wave Analysis 24 April 2024
Technical analysis
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
Technical analysis
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.

Dollar Pullback from Overbought Territory Boosts Appeal 
Market Overview
Dollar Pullback from Overbought Territory Boosts Appeal 

The US dollar’s gains stalled last week, and on Tuesday, it lost a third of a cent against a basket of major currencies to 105.4 from a peak of 106.3 the week before.  Yesterday’s pullback more closely resembles the start.

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