TitleUSDCAD Day I Bullish reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.3629, which serves as an overlap resistance level aligning with the 38.2% Fibonacci.A reversal from this point could lead the price to drop to the 1st support at 1,3441, a multi-swing low support levelAlternative scenario:However, if th
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Crude Sinks on China & Oversupply Fears
Crude Breaks SupportCrude oil prices sank to fresh 5-month lows yesterday as a combination of concerns over the Chinese economy and excess supply in the oil market weighed on sentiment. News that Moody’s has downgraded its credit outlook on China to negative, along with a slew of Chinese corporates, has caused some pause in risk […]
Gold Analysis: Potential Price Drop Ahead
Last week, the currency pair EUR/USD rebounded from the level of 1.1000. Currently, the asset is approaching the supporting zone formed between levels 1.0670 and 1.0640. The price of this asset is likely to rebound from this zone and rise. The recent trend can be considered a mere correction from the achieved maximum points.The OPEC+ […]
USD Exhibits Exceptional Strength: Overview for December 07, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_11-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" /></div>
GBP Has Experienced a Four-Day Decline: Overview for December 07, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSD_1-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="GBP/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="laz
EUR/USD Outlook: Euro Slips to 3-Week Low on Rate Cut Bets
<div><img width="638" height="390" src="https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14.png" class="type:primaryImage wp-post-image" alt="my EUR/USD price analysis forecast outlook" style="margin-bottom: 15px;" decoding="async" fetchpriority="
USD/JPY Price Aiming to Pounce 145.0 After Downbeat US ADP
<div><img width="838" height="554" src="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg" class="type:primaryImage wp-post-image" alt="my USD/JPY price analysis outlook forecast" style="margin-bottom: 15px;" decoding="async" srcset="https://ww
USD/CAD Forecast: Loonie Loses Ground After BoC’s Pause
<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" style="margin-bottom: 15px;" decoding="async" srcset="https://www.forexcrunch.c
Play of the Day: Range Support Setup for S&P 500
<p>Yesterday’s negative close for the S&P 500 marked the third consecutive day of losses for U.S. equities. Will traders go for four today? Or will enough bulls jump back in ahead of the U.S. NFP reports?</p>
Cable Wrapping Tapes Market revenue to reach USD 3.5 Billion by 2036, says Research Nester
<p>Prominent cable wrapping tapes market players include PARKER HANNIFIN CORP, Scapa Group Ltd, HellermannTyton., Polycom Associates, JINYANG TECHNOLOGY CO., LTD., AVERY DENNISON CORPORATION., ACHEM, Nitto Denko Corporation, Intertape Polymer Group Inc., and Teraoka Seisakusho co., Ltd. New York, Dec. 07, 2023 (GLOBE NEWSWIRE) — The glo