forex

Britannia Industries – Britannia (1D chart) Elliott Wave/Technical Analysis: Function: Corrective Trend (Minor Degree Grey). Mode: Corrective. Structure: Impulse within a larger degree correction. Position: Minor Wave 5 Grey. Details:The stock has experienced an impulsive decline from the 6450 high reached earlier. If this count holds, a corrective rally may develop soon. BRITANNIA INDUSTRIES Daily Chart Technical Analysis and Potential Elliott Wave Counts: … Read more

EUR/USD rebounds from the two-week low as European leaders, including Zelenskyy, show readiness to end the war in Ukraine. US President Trump’s tariffs on Canada and Mexico could be lower than 25%. Investors await the US Manufacturing PMI data for February, releasing on Monday. EUR/USD recovers above 1.0400 at the start of the week. The … Read more

The Pound Sterling rises to near 1.2600 against the US Dollar due to positive developments in the Russia-Ukraine peace truce. Fears of US President Trump’s tariffs on Canada, Mexico, and China loom large. The BoE is expected to follow a careful and gradual policy-easing approach. The Pound Sterling (GBP) gains ground against the US Dollar … Read more

USD/CAD could retest the “pullback resistance” near the key psychological level of 1.4450. The bullish outlook remains intact, reinforced by the 14-day Relative Strength Index staying above 50. The nine-day Exponential Moving Average at 1.4356 may act as the primary support level. USD/CAD snaps its six-day winning streak, hovering around 1.4440 during Friday’s Asian session. … Read more

The US Dollar Index weakens to near 107.25 in Monday’s early European session.  The positive outlook of the DXY remains intact above the 100-day EMA, but further consolidation cannot be ruled out.  The immediate resistance level emerges at 108.45; the first support level is seen at 106.70. The US Dollar Index (DXY) faces some selling pressure to near 107.25, … Read more

In an interview with France’s Le Figaro newspaper late Sunday, French President Emmanuel Macron said that France and Britain are proposing a one-month truce in Ukraine to stop  all air and sea conflict and attacks on energy infrastructure. This came after the crisis talks held in London, in which European leaders closed ranks in support of Kyiv, pledging to … Read more