Recent content by HubuFX

A Shift in Swiss Government Bonds FxNews— Recently, the yield on 10-year Swiss government bonds has seen a notable decline, dropping into the 1% range. This marks the lowest point in two months. This change is part of a broader pattern seen globally, where government bonds are being sold off...

EURNOK The EURNOK currency pair is currently testing the 11.8 resistance level, with the Relative Strength Index (RSI) nearing the overbought zone. This past Friday, EURNOK formed a long wick candlestick pattern, which could potentially signal a decrease in the uptrend bias or even a trend...

Impact of Naira Devaluation on Trade and Prices The drop in the value of Nigeria's currency, the Naira, has made things difficult for businesses that trade across borders, especially at the Seme-Krake border in Lagos. For instance, the cost of a 50kg bag of rice has climbed to N35,000, and a...

EURCNH Forecast The EURCNH pair has recently broken out of its bearish channel, as seen on the daily chart. Currently, it's testing the 7.841 resistance level, which aligns with the upper band of the bullish channel and the Ichimoku cloud. The overall trend for EURCNH is bullish, with the RSI...

USDCAD Analysis: Technical View The USDCAD is currently trading above a crucial broker resistance zone, spanning from 1.3655 to 1.3648. This zone serves as a strong support for the bullish trend. As long as the price remains above this level, we can expect the USDCAD bulls to push higher and...

GBPUSD Analysis The GBPUSD is currently trading below the pivot point of 1.219. Interestingly, the RSI indicator is flipping above the critical level of 50, which might indicate an upcoming bullish wave. However, for this to materialize, it's crucial for the bulls to close above the pivot...

EURUSD Technical Analysis The EURUSD currency pair is currently navigating within a downward channel and is positioned below the pivot in the 4-hour time frame. A minor resistance level is observed at 1.049, and at present, the pair is maintaining a position above this level. The RSI indicator...

AUDUSD Technical Analysis The decline of the AUDUSD currency pair has temporarily halted as the RSI indicator, previously in the oversold territory, is now hovering at the 37 level. The market maintains a bearish trend, and the support level at 0.634 presents an attractive price point for bears...

Turkish Lira Weakens Against Strong US Dollar The Turkish lira is falling against the strong US dollar. The USDTRY is up 0.4% as Turkey's inflation was slightly lower than expected, which might influence the CBRT's approach. Despite recent changes, the USDTRY is still on an upward trend...

Bitcoin Bulls Hold the Fort: An Analysis of Current Market Trends The bears put pressure on the bitcoin from $28,708 and currently bitcoin is testing the $27,349 pivot. The RSI indicator is hovering above the 50 level and with the BTCUSD holding above the broken trendline and pivot, bitcoin...

US Oil Analysis: Bears Targeting the $87 Support US oil prices are falling from a high of $95 and trading below the $90.36 pivot point due to various factors. The next support level is at $87.63, which could act as a buffer against further declines. The market conditions are fluid and vigilance...

What Sets HubuFX Apart? As a Straight Through Processing (STP) Forex broker, HubuFX distinguishes itself in the market with its unique offerings. It offers traders the advantage of low spreads, which can notably minimize trading expenses and boost potential earnings. Furthermore, HubuFX...

EURUSD Analysis: Persistent Decline The EURUSD pair is on a steady decline, unable to break the midpoint of the downward channel. The RSI dipping below 50 signals a likely continuation of this bearish trend. The 1.0409 support level is a key marker. If the pair holds above this, it could...

Bitcoin Analysis Yesterday, Bitcoin managed to break above the downward trendline and successfully closed above the $27,997 R1 resistance level. The Relative Strength Index (RSI) is now approaching the overbought territory. Given this RSI indicator, it's possible that BTCUSD might experience a...

AUDUSD Technical Analysis In the recent analysis of AUDUSD, we observed a robust rebound from the 0.63 mark, with the currency pair now hovering around 0.648. The Relative Strength Index (RSI) is currently in the overbought territory, indicating a potential deceleration in the ongoing upward...