USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The pullback target might be 1.3840. Next, the price could rebound from the support level and continue the uptrend. However, the quotes could rise to 1.3935 […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a correction to 1.0673 and started to decline rapidly. The price has achieved the first target of 1.0557. Today a consolidation range is forming above this level. With an upward breakout, the price might rise to 1.0600 (a test from below). A downward breakout will open the […]
TitleGBPJPY H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference: Price is hovering at our pivot point at 183.59, which is a pullback support level, aligning with the 23.6% fibo retracement. Price could bounce off the pivot point and rise towards the 1st resistance at 184.26, which is a swing high resistance level. Alternative […]
TitleAUDUSD H1 | Bearish reversal off 50% Fibo TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.63444 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.6313 which is a pullback […]
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EURUSD, “Euro vs US Dollar” EURUSD has completed a correction to 1.0633. A new fifth decline wave to 1.0125 could start now. Practically, the first structure of this wave is forming, targeting 1.0418. After the price reaches this level, it could correct to 1.0550 (a test from below) and then decline to 1.0277, from where […]
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold below the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0585 is expected, followed by a decline to 1.0425. An additional signal confirming the decline […]