Day: March 9, 2023
USDCHF, “US Dollar vs Swiss Franc” On H4, the USDCHF quotes are above the 200-day Moving Average, revealing prevalence of an uptrend. The RSI is testing the support line. In this situation, a rebound from 6/8 (0.9399) should be expected, after which the price might rise to the resistance level of 8/8 (0.9521). The scenario […]
The Japanese yen against the US dollar dropped to the lows since 20 December. The current quote is 136.61. The yen got under pressure and saw a decline to the local lows after the US dollar got supported by the signals of the Fed. The interest rate in the US might be growing faster than […]
Title XAUUSD H4 | Potential bullish reversal TypeBullish Bounce Preference:There is a recent swing low at our pivot point which the price could potentially reverse from this level and could push up to our 1st resistance level Alternative scenario:If the price were to break from the pivot point, it could go down to our 1st […]
Tesla Shares Under Pressure Following a strong start to the year, Tesla shares have run into something of a barrier recently with price reversing from the 207.71 level to trade back down to their lowest levels in over a month. Recent strength in USD, reflecting the market’s more hawkish Fed outlook, has seen tech shares […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Shooting Star reversal pattern. Currently, the pair may go by the reversal signal in a descending wave. The target of the correction might be 1.3730; later the price might push off this level and continue the uptrend. However, the price may grow to […]
EURUSD, “Euro vs US Dollar” The currency pair saw a rebound from 1.0693 downwards and broke through 1.0572. At the moment, a consolidation range is forming under this level. The quotes should then escape the range downwards and continue the wave to 1.0450. The target is local. GBPUSD, “Great Britain Pound vs US Dollar” The […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0595 is expected, followed by falling to 1.0385. An additional signal confirming the decline will be a rebound from the lower border of the […]