EUR/USD Bounces off Multi-Week Lows Amid Softening USD
EUR/USD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Bounces off Multi-Week Lows Amid Softening USD, but Bullish Momentum Remains Tenuous In the ever-shifting landscape of the forex market, the EUR/USD pair has managed to eke out a modest rebound during the Asian trading session on Friday, putting a temporary halt to […]
AUD/CAD: A Bearish Trend Persists
AUD/CAD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. AUD/CAD: A Bearish Trend Persists Forex Sentiment Shifts Bearish as Economic Indicators Falter: Australian and Chinese Data Raise Concerns In the fast-paced realm of forex trading, where fortunes are forged and futures are decided by the heartbeat of economic data, recent indicators from key […]
Navigating Ethereum’s Resurgence: An In-Depth Exploration of Investment Prospects
ETHEREUM D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Navigating Ethereum’s Resurgence: An In-Depth Exploration of Investment Prospects Introduction In the ever-evolving landscape of cryptocurrency, 2023 has marked a gradual resurgence in prices, offering a glimmer of hope to investors disheartened by the preceding year’s downturn. Ethereum, a prominent player in the crypto […]
Gold Price Regains Footing Amidst US Economic Data and Fed Policy Speculations
GOLD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Gold Price Regains Footing Amidst US Economic Data and Fed Policy Speculations Introduction The price of gold, after experiencing a setback on Wednesday, has embarked on a recovery journey, striving to stabilize around the $1,900 per troy ounce mark during early European trading hours […]
EUR/USD Extends Losses Amidst Bearish Pressure and Hawkish Fed Tone
EUR/USD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Extends Losses Amidst Bearish Pressure and Hawkish Fed Tone Introduction The EUR/USD currency pair remained under significant bearish pressure during the Asian trading hours, touching its lowest level since early July at 1.0860. Although a modest rebound was witnessed in the European morning […]
AUD/USD Continues its Downward Spiral Amidst Stronger US Dollar and Global Risk Aversion
AUD/USD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. AUD/USD Continues its Downward Spiral Amidst Stronger US Dollar and Global Risk Aversion The AUD/USD currency pair finds itself in a persistent and unrelenting decline, entering its seventh consecutive day of losses. As the Australian Dollar weakens against the US Dollar, the market sentiment […]
Daily Market Analysis – WEDNESDAY AUGUST 16, 2023
Greetings, traders! Welcome back to our daily Market Analysis. Today, we have gathered the top news and interesting fundamental analysis for your consideration. Let’s dive in and stay informed! Key News: New Zealand – RBNZ Interest Rate DecisionUK – CPI (YoY) (Jul)USA – Building Permits (Jul)USA – Crude Oil InventoriesUSA – FOMC Meeting Minutes In […]
EUR/USD Rebounds Above 1.0900 Amidst Volatile Week
EUR/USD D1 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Rebounds Above 1.0900 Amidst Volatile Week The EUR/USD currency pair exhibited a noteworthy rebound, recouping losses to surpass the crucial 1.0900 level after dipping to a five-week low near 1.0870 earlier in the week. As traders monitor key support levels and navigate through […]
GBP/USD Climbs to Six-Day High as Hawkish Bets Gain Traction
GBP/USD chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GBP/USD Climbs to Six-Day High as Hawkish Bets Gain Traction In a compelling turn of events, the GBP/USD currency pair surged to a fresh six-day high, surpassing the 1.2760 mark during the European morning on Wednesday. The near-term technical analysis reveals an intriguing buildup of […]
GBP/JPY Breaks Above 185.00 Barrier: UK Inflation Data Fuels Bullish Momentum
GBP/JPY H8 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GBP/JPY Breaks Above 185.00 Barrier: UK Inflation Data Fuels Bullish Momentum The GBP/JPY currency pair has broken above the crucial 185.00 barrier, surging by 0.04% in the wake of robust UK inflation data. As market participants eagerly absorb the implications of the latest figures, […]