TL;DR: Brent oil broke below $100 after Iran reportedly offered to reopen the Strait of Hormuz within seven days, but the quick recovery toward 99.55 shows markets are testing the story, not embracing it—making 100.26 the level that separates a genuine break from a false trigger. The First Break Below $100 Has Arrived—But the Market…
What’s happening: Brent broke below $100 after Saudi Arabia restarted its East-West Pipeline, capable of rerouting up to 4 million barrels per day, roughly 4% of global supply, around the Strait of Hormuz, and a senior Iranian official told Reuters Tehran could reopen Hormuz within seven days if Washington eases military pressure. Yet FX didn’t…
Sideway trading continues in EUR/GBP and intraday bias remains neutral. Strong resistance is still expected from 0.8610 to complete the corrective bounce from 0.8453. On the downside, break of 0.8545 support will turn bias back to the downside for retesting 0.8453 low. However, sustained break of 0.8610 will dampen this bearish view and bring stronger…
Bitcoin spent most of September bouncing off the same wall. The 200-day moving average, parked between $80,000 and $81,000 Written by: Sophia Cruz • Tuesday, September 22, 2026 • 2 min read • Last updated: Tuesday, September 22, 2026 Add an article to your Reading List Register now to be able to add articles to…
Hopes for a resumption of diplomatic ties between the US and Iran have weighed on oil prices. Rising political risks in Germany are putting pressure on the euro. The US dollar resumed its advance on Tuesday morning as Brent crude rebounded from its longest slide since July, increasing the likelihood that the Fed will tighten…
Hello, fellow traders, In this technical article, we’ll take a look at the Elliott Wave charts for the DAX Index. Recently, the index completed a Zig Zag correction at the Equal Legs area, where buyers stepped in. In the sections below, we’ll examine the Elliott Wave structure in more detail, outline the current forecast, and explain…
xrp-usd Ripple’s macro thesis hit a legislative roadblock with the U.S. Senate’s procedural CLARITY Act cloture vote failing (49–50). Written by: Olumide Adesina • Saturday, September 19, 2026 • 1 min read • Last updated: Saturday, September 19, 2026 Add an article to your Reading List Register now to be able to add articles to…
This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee pared initial gains to close unchanged at 95.89 (provisional) against the U.S. dollar on Friday (September 18, 2026) amid a strong American currency. Positive momentum in domestic equity markets, however, supported the Indian currency, forex traders said. They also said…
USD/CAD’s strong rebound last week suggests that fall from 1.4247 has already completed at 1.3730 already. Nevertheless, momentum stalled after hitting 1.4013. Initial bias is turned neutral this week first, for some consolidations. Further rally is expected as long as 1.3919 minor support holds. Above 1.4013 will target 61.8% retracement of 1.4247 to 1.3730 at…
AUD/USD’s extended decline last week confirmed short term topping at 0.7237. But with recovery from 0.7074, initial bias remains neutral this week first. On the downside, sustained trading below 38.2% retracement of 0.6864 to 0.7237 at 0.7095 will target 61.8% retracement at 0.7006. Nevertheless, firm break of 0.7139 will turn bias back to the upside…