The given statement suggests that the EURUSD currency pair has reached a support cluster between the price levels of 1.06670 and 1.06900. A support cluster refers to a zone where multiple support levels coincide, which can potentially act as a barrier to further downward price movement. The statement also mentions that the stochastic lines have…
EURUUSD D1 GBPUSD d1 1. Euro and pound near Fibonacci levels, prospects for upward movement. 2. Bank of England expected to raise interest rates, potential drop in pound. 3. Release of Consumer Price Index in the UK, anticipation of inflation acceleration.
USD Index Based on the information provided in the article, here are three main points and a trading decision: 1. Mixed inflation signals: The upcoming August inflation data is expected to show a rise in the 12-month headline inflation rate to 3.6%. This could cause concerns for the Biden administration. However, core inflation, which excludes…
On concerns about global growth, the US dollar started to rally again this week. Sterling withstood a test of support levels, but will GBP/USD continue to hold up? Investors are moving into Treasuries and Gilts as a result of increased scrutiny of China’s economy. Despite Treasury yields falling coming into Wednesday’s session, the…
Exness is a reputable and well-established forex broker that provides online trading services to clients worldwide. With a strong presence in the industry, Exness has gained recognition for its transparency, reliability, and commitment to client satisfaction. Here’s an introduction to Exness: Criteria Exness Regulation Regulated by reputable authorities, such as CySEC (Cyprus) and FCA…
To make a Bitcoin deposit on Exness, please follow these general steps: 1. Sign in to your Exness account. If you don’t have an account, you’ll need to create one first and complete the necessary verification process. 2. Once you’re logged in, navigate to the Deposit section of your account. Exness usually provides a “Deposit”…
The hammer candlestick pattern is a popular candlestick pattern used in technical analysis to analyze price charts. It typically forms after a downward trend and is considered a bullish reversal pattern. The pattern is named “hammer” due to its resemblance to a hammer, with a small body located at the upper end of the candlestick…
Review of InstaForex Forex Broker InstaForex is a well-known forex broker that has been operating in the industry for several years. In this review, we will evaluate the trading conditions, trading environment, regulations, and reliability of InstaForex. Trading Conditions: InstaForex offers a wide range of trading instruments, including major and minor currency pairs, commodities, indices,…
