Day: May 12, 2023

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the support line. In these circumstances, the quotes are expected to rise above 7/8 (0.6805) and reach the resistance at 8/8 (0.9835). The scenario can be cancelled by a […]

The British pound sterling declined against the US dollar on Thursday. The current GBPUSD quote is 1.2577. The pair tested local highs yesterday but failed to secure them. Today is a big day for the GBP: the Bank of England is holding a meeting to decide on the interest rate and give signals on further […]

Daily Technical Trade Setups For DXY, EURUSD & USDJPY To access today’s actionable analysis, click here! Source: Tickmill

TitleDXY H4 | Rising into resistance TypeBearish Reversal Preference:Price could approach the pivot point of 101.4301 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.5593. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 101.9654. To discuss this trading idea, […]