Day: December 6, 2022

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which signifies prevalence of an uptrend. However, the RSI is nearing the overbought area. As a result, the quotes are expected to test 7/8 (1.0620), a bounce off it, and falling to the support level of 5/8 (1.0376). The scenario […]

XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of growth might be 1835.50. Upon testing the resistance level, the pair might break through it and continue the uptrend. However, the quotes may pull […]

Type:Bullish Continuation Key Levels:Resistance:4173.25Pivot: 3913.25Support: 3751.75 Preferred case: On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish trend continues, expect price to possibly move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is.Alternative scenario: Price […]

Oil has pulled from the supporting zone formed between the levels 82.50 and 83.70 several times in a row, leaving very long spikes behind. Currently, oil prices are repeatedly approaching the supporting zone. Hence, oil might potentially pull from the level of 82.50 and jump to the level of 100. So, let’s observe what is […]