Day: October 30, 2023
TitleGBPNZD H4 | Dropping to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 2.07574 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 2.09534 which is a swing-high resistance level. Alternative scenario:If price breaks below the […]
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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 growth target might be the resistance at 1.0635. However, the price could correct to 1.0500 and continue the uptrend after the pullback to […]
EURUSD, “Euro vs US Dollar” EURUSD has performed a corrective wave to 1.0596. Today the market continues developing a declining wave to 1.0500. After it reaches this target, a consolidation range could form around it. Escaping the range downwards, the price might open the potential for a declining wave to 1.0433. This is the first […]
