Day: November 15, 2023

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes have rebounded from the support level of 0/8 (0.6347) on H4. The RSI is approaching the resistance line. In this situation, a test of 1/8 (0.6408) is expected, followed by a breakout of this level and a rise to the resistance at 2/8 (0.6469). The scenario can […]

The Japanese yen remains exceptionally weak when paired with the US dollar. The current USDJPY exchange rate stands at 151.67. Yesterday, USDJPY came close to reaching 152.00. So, the yen is positioned near three-decade lows, having endured significant pressure. What comes next? Most probably, it will continue to decline because the fundamental background has not […]

TitleUS30USD H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference:Price could fall to our pivot point at 34194.1, which is a pullback support level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. Price could bounce off our pivot point to rise towards the 1st resistance at 34784.2, which is a swing high […]

The euro and British pound surged on Tuesday following the release of UK labor market statistics, which revealed an unexpected increase in employment in both the services and manufacturing sectors. Contrary to the consensus estimate of a 198,000-job reduction in August, employment rose by 54,000, a positive revision of the previous figure. Additionally, September saw […]