Day: December 27, 2023
The primary currency pair remains inclined for growth on Wednesday. The current EURUSD exchange rate stands at 1.1041. The currency market remains weak due to the festive season, within which the absence of participants is noticeable. Meanwhile, expectations regarding the US Federal Reserve’s future interest rate cuts are growing stronger. Low liquidity levels in the […]
The Australian dollar paired with the US dollar is actively on the rise. The current AUDUSD exchange rate stands at 0.6837. The current prices represent a new five-month high. The market is delighted that the cooling of US inflation has bolstered expectations for monetary easing in 2024. Such forecasts have driven up commodity prices, providing […]
TitleEURGBP H4 | Falling to support level TypeBearish Reversal Preference:EURGBP is pulling back from the pivot at 0.86844, the swing-high resistance and the price could reverse to the 1st support at 0.86469, the overlap support. Alternative scenario:The price could reverse from the current price and break out of the pivot at 0.86844 and rise to […]
TitleGBPUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:GBPUSD could reverse from the pivot at 1.2744, the pullback resistance and the price could fall to the 1st support, the overlap support at 1.26154, which aligns with the 61.8% Fibonacci retracement level. Alternative scenario:The price could breakout of the pullback resistance at 1.2744 and rise to […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The pullback target might be 1.3255. Next, the price could rebound from the resistance and continue the downtrend. However, the quotes might drop to 1.3115 without […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, revealing the probability of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of 3/8 (142.18) is expected, followed by a price decline to the support at 2/8 (140.62). The scenario could be […]
TitleEURUSD H4 | Rising to Fibo level? TypeBullish Bounce Preference:The price could bounce off the pivot at 1.10293, the overlap support and rise to the 1st resistance at 1.10947, which is the 127.2% Fibonacci extension level. Alternative scenario: EURUSD could pullback from the overlap support at 1.10293, and the price could fall to the 1st […]
TitleNZDJPY H4 | Potential bearish reversal TypeBearish Breakout Preference:NZDJPY could continue the downtrend and break the pivot at 90.098, the overlap support, and reverse to the 1st support at 89.261, the multi-swing-low support, that aligns with the 61.8% Fibonacci projection level. Alternative scenario:The price could rise to the 1st resistance at 90.395, the overlap resistance. […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1044. A correction link to 1.1025 is not excluded today. Next, the growth wave might extend to 1.1056. Once this level is reached, a correction to 1.0993 might start, followed by a rise to 1.1088. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, revealing the prevalence of an uptrend. A test of the upper boundary of the Cloud at 1.1015 is expected, followed by a rise to 1.1085. The growth could be additionally supported by […]