TitleUSDJPY H4 | Potential bearish reversal TypeBullish Bounce Preference: Price is falling toward our pivot point of 142.098 which is a pullback support level that aligns with 50% Fibo retracement. A bounce off from here, price could rally to 1st resistance at 143.896 which is a pullback resistance level Alternative scenario: However, if price below […]
TitleXAUUSD H4 | React off resistance TypeBearish Reversal Preference: Price is currently at our pivot point of 1912.723 which is an overlap resistance. A reverse from here, price could fall to 1st support at 1894.686 which is a swing low support level Alternative scenario:However, if price breaks above the pivot, it could rally to 1st […]
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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2705 is expected, followed by a rise to 1.2870. An additional signal confirming the rise will […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 1.3300. Next, the price could break the level and go further by the downtrend. However, the quotes might rise to 1.3440 […]
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Threads Takes on Twitter Shares in Meta are trading higher today ahead of the open as the stock receives a bullish boost from the launch of new Twitter rival Threads. The new app, which takes its users profile name, pictures and contacts over from Instagram on signup, has reportedly gained around 10 million users in […]