Day: May 18, 2023
The market’s most traded currency pair is dropping lower and lower. The current EURUSD quote is 1.0830. We should be prepared for the fact that in the coming days all discussions, one way or another, will revolve around the subject of US government debt. This is currently the most important topic the capital market is […]
In the pair with the US Dollar, the Japanese Yen has returned to local lows after a brief pause. The current USDJPY quote is 137.62. On the one hand, the JPY is under pressure from the strong US dollar. The market is avoiding risks due to the lack of consensus on the US government debt. The […]
TitleDXY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching the pivot point of 102.6924 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 101.8855. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 103.1158. To discuss this trading […]
TitleEURUSD H4 | Finding support at recent swing-low TypeBullish Bounce Preference:Price is approaching the pivot point of 1.08235 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.08985. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.07911. To discuss […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0810. Today the market is forming a wave of correction to 1.0849. After the correction is over, the pair might develop a wave of decline to 1.0795, from where the trend could continue to 1.0755. GBPUSD, “Great Britain Pound vs […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF has broken the 200-day Moving Average and rests above it, which indicates a possible development of an uptrend. The RSI has rebounded from the support line. In this situation, a breakout of 4/8 (0.9033) is expected, followed by growth to the resistance level of 5/8 (0.9094). The scenario […]
Is ETH About to Move Higher? Crypto watchers, ETH traders in particular, are getting excited today over news that a major ETH whale has become active in the market again. According to data from industry site lookonchain, a major ETH investor who was part of the ETH genesis ICO has made their first transaction in […]
TitleUSDJPY H4 | React off 1st resistance TypeBearish Reversal Preference: Price has just reacted off our pivot of 137.763 which is a multi-swing high resistance. A reverse from here, price could fall to 1st support at 136.265 which is an overlap support that aligns with a 38.2% Fibonacci retracement. Alternative scenario:However, if price breaks above […]
BRENT Brent has left the borders of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 75.05 is expected, followed by a rise to 80.36. An additional signal confirming the rise will be a rebound from the upper border […]
XAUUSD, “Gold vs US Dollar” Near the support level, Gold has formed an Engulfing reversal pattern. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target could be 2015.00. Upon testing the resistance, the price might break this level and continue the uptrend. However, the price could pull back […]