Day: September 6, 2023
EURUSD, “Euro vs US Dollar” EURUSD has completed a corrective movement to 1.0707. Today the market is forming a consolidation range above this level. With an escape upwards from the range, a link of growth to 1.0756 is not excluded (with a test from below). Next, a decline to 1.0633 could follow, from where the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target could be the resistance level of 1.0770. However, the price might drop to 1.0690 and continue a downtrend without any correction. […]
TitleGER30 H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference:Price is in a short term downtrend, and there is potential for a buy entry at the pullback of this downtrend. Our pivot point is at the previous swing low support level, 78.6% fibo retracement and 61.8% fibo projection. We can expect a bullish bounce […]
TitleUSDCAD H4 | Bullish bounce off 38.2% Fibo? TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.36026 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37255 which is a […]
The dollar took a new high – the highest level since the beginning of March 2023, developing an upward trend following breakout of the main bearish corridor: Among the major currencies, the AUD led decline against the dollar, followed by the NZD, the intraday fall in the respective currency pairs exceeded 1%. At the same […]
TitleUS30USD H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference:Price is approaching our pivot point at 34693.12, which is an overlap support level, aligning with the 38.2% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 35048.11, which is an overlap resistance level. Alternative scenario:If […]