EUR/USD

4 hour

EURUSD

The 100% Fibonacci target of wave Y (magenta) is equal to the 23.6% retracement of wave 4 (green).

1 hour

EURUSD

Price could be close to a bullish breakout when it pushes above the resistance trend line (orange).


GBP/USD

4 hour

GBPUSD

The GBPUSD is in a contracting triangle, which is symbolized best by the support and resistance trend lines (green and orange) on the chart.

1 hour

GBPUSD

A breakout could occur if price manages to break above or below one of the two trend lines.


USD/JPY

4 hour

USDJPY

The USD/JPY completed the wave B (red) quickly and is now in a bearish momentum as part of a zigzag correction (ABC) within the wave 4 (dark red).

1 hour

USDJPY

An expansion of the correction could be taking place on the lower time frames as the USD/JPY completes a wave W (red).

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AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation

AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation

The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up.

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Gold soars as US economic woes and inflation fears grip investors

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Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.

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FBI cautions against non-KYC Bitcoin and crypto money transmitting services as SEC goes after MetaMask

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US FBI has issued a caution to Bitcoiners and cryptocurrency market enthusiasts, coming on the same day as when the US Securities and Exchange Commission is on the receiving end of a lawsuit, with a new player adding to the list of parties calling for the regulator to restrain its hand.

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Bank of Japan expected to keep interest rates on hold after landmark hike

Bank of Japan expected to keep interest rates on hold after landmark hike

The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.

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