EURUSD, “Euro vs US Dollar” EURUSD completed correction and went on developing its wave of decline. By now, it has performed a link of decline to 1.0633. Today the market is forming a consolidation range above this level. The range is expected to extend to 1.0655 (with a test from below). Next, a decline to […]
Brent Brent crude oil quotes and the RSI on H4 are in their respective overbought areas. In this situation, a downward breakout of 8/8 (93.75) is expected, followed by a decline to the support at 6/8 (90.62). The scenario can be cancelled by an upward breakout of +1/8 (95.31). In this case, the quotes could […]
TitleAUDUSD H4 | Rising into Fibo confluence TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.64886 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and 127.2% Fibonacci projection levels and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64105 […]
ECB Signals End to Tightening EUR came under heavy selling pressure yesterday, despite hiking rates by a further .25%. The majority of market players had been anticipating a pause from the ECB, making the hike something of an outlier. Despite the further .25% increase, the bank gave a firm signal that this should be the […]
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EURUSD, “Euro vs US Dollar” EURUSD is correcting after a strong decline. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Kijun-Sen line at 1.0680 is expected, followed by a decline to 1.0565. An additional signal confirming the decline will be a rebound from the upper boundary […]