Day: November 3, 2023

TitleDE30EUR H4 | Bearish reaction off pivot? TypeBearish Reversal Preference: Price is rising towards our pivot point at 15281, which is a multi-swing high resistance level. If price reacts bearishly, we can expect price to fall to the 1st support at 15123.5, which is a pullback support level. Alternative scenario: If price breaks above the […]

TitleGBPUSD H4 | Reacting off swing high? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.2224, which serves as a swing-high resistance level aligning with the 127.2% Fibonacci extension. A reversal from this point could lead to a price drop to the 1st support at 1.2174, an overlapping support level. Alternative scenario:However, […]

The Australian dollar, paired with the US dollar, has reached a three-week high. The current AUDUSD exchange rate stands at 0.6422. The Aussie managed to recover after the US Federal Reserve kept the interest rate unchanged at 5.50% per annum for the second consecutive time. The market’s reasoning is as follows: US interest rates have […]

The primary currency pair remains in equilibrium on Thursday. The current EURUSD exchange rate stands at 1.0599. So, the US Federal Reserve held a meeting where it made all the necessary monetary decisions. The interest rate remained at 5.50% per annum, as expected. However, the comments of the Fed Chair Jerome Powell did not come […]

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TitleUSDCHF H4 | Bouncing off 61.8%? TypeBullish Bounce Preference:The price is falling toward our pivot point of 0.89824, which serves as a pullback support level that aligns with the 61.8% Fibo retracement. A bounce from this point could lead the price to rise to the 1st resistance at 0.90948 Alternative scenario:However, if the price breaks […]