Day: November 24, 2023
The Japanese yen continues to maintain equilibrium against the US dollar. The current USDJPY exchange rate stands at 149.21. In October, the general inflation rate in Japan accelerated to 3.3% y/y against 3.0% y/y in September. This is the highest level since last July. Preliminary statistics published this week showed a slowdown in business activity […]
Brent Brent quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is approaching the resistance line. In this situation, a downward breakout of the 2/8 (81.25) level is expected, followed by a decline to the support at 1/8 (78.12). The scenario could be cancelled by rising above […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2485 is expected, followed by a rise to 1.2675. An additional signal confirming the rise will […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the resistance level at 1.1000. However, the price might pull back to 1.0850 and continue the uptrend upon testing […]
TitleGBPJPY H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference:Price could fall to our pivot point at 186.84, which is a pullback support, aligning with the 23.6% fibo retracement and 100% fibo projection. Price could bounce off from here, to rise towards the 1st resistance at 187.55, which is a multi-swing resistance level. Alternative […]
TitleGBP/USD H4 I Bounce off overlap support? TypeBullish Bounce Preference: If price breaks below the support we wait at our pivot point of 1.2438, which serves as a pullback resistance level. A reverse from this point could lead the price to drop to the 1st support at 1.2300, a pullback support level. Alternative scenario:However, if […]
The primary currency pair is without a clear trend on Friday. The current EURUSD exchange rate stands at 1.0905. The US market was closed yesterday because of Thanksgiving Day, and no statistics were published. Today, there are almost none. The European Central Bank published the minutes of its previous meeting, which were interesting for several […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a corrective wave to 1.0929. A decline link to 1.0880 is forming today. Practically, a consolidation range is forming around this level. With an escape from the range downwards, a decline wave to 1.0840 might continue. And provided this level is also breached, the potential for a […]
TitleDE30EUR H4 | Potential Bullish continuation? TypeBullish Bounce Preference: Price could bounce off our pivot point at 15974.94, which is an overlap support level. If price bounces off the pivot point, then price could rise towards the 1st resistance at 16143.2, which is a swing high resistance level, to grab liquidity. Alternative scenario: If price […]
TitleSPX500USD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is consolidating now, and could potentially bounce off our pivot point at 4553.6, which is an overlap support level. If price bounces off our pivot point, price could rise towards the 1st resistance at 4604.5, which is a multi-swing high resistance level, slightly above the […]