EURUSD, “Euro vs US Dollar” EURUSD has corrected to 1.1228. At a certain point, the market performed another wave of decline to 1.1118. This is a local target. A link of correction to 1.1170 might develop today. After it is over, a new wave of decline to 1.1077 could start. GBPUSD, “Great Britain Pound vs […]
Brent Brent quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, a test of 8/8 (81.25) is expected, followed by a breakout of this level and a rise to the resistance at +1/8 (82.81). The scenario can be cancelled […]
TitleUSDJPY H4 I React off resistance? TypeBearish Reversal Preference: Piece is rising towards to our pivot point of 141.297 which is a pullback resistance that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 139.114 which is an overlap support level Alternative scenario:However, if price breaks above the […]
BOC On Watch With no US data on deck today, the focus will be on Canadian retail sales. With the BOC very much back in the show regarding rate hikes, traders are paying close attention to incoming CAD data. Earlier in the week we saw CAD CPI falling again last month, downplaying near-term hawkish BOC […]
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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the Kijun-Sen line after a powerful decline. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2905 is expected, followed by a decline to 1.2655. An additional signal confirming the decline […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the resistance at 1.1220. However, the price might correct to 1.1085 and continue the uptrend after the pullback. USDJPY, […]