Day: December 28, 2023
The primary currency pair continues to soar on Thursday. The current EURUSD exchange rate stands at 1.1114. Nothing significant has occurred: investors have simply become absorbed in forming expectations regarding the further actions of the US Federal Reserve. The market now factors a 90% probability of an interest rate reduction in March. The overall decline […]
TitleGBPUSD Day | Bullish bounce TypeBullish Bounce Preference:GBPUSD has bounced off the pivot at 1.27669, a pullback support, and is rising to the 1st resistance at 1.29933, the swing-high resistance. Alternative scenario:The price could pullback and reverse to the 1st support at 1.26335, the swing-low support. To discuss this trading idea, head over to Tickmill […]
TitleUSDJPY H4 | Bearish breakout TypeBearish Drop Preference:USDJPY is breaking out of the pivot at 141.132, the swing-low support, and is falling to the 1st support at 138.662, also a swing-low support. Alternative scenario:The price could bounce off the swing-low support at 141.168, and rise to the 1st resistance level at 142.848, the pullback resistance. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2765 is expected, followed by a rise to 1.2945. An additional signal confirming the rise will be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be the support level of 1.1080. However, the price might rise to 1.1175 and continue the uptrend without testing […]
TitleEURUSD H4 | Potential bullish breakout TypeBullish Breakout Preference:EURUSD could breakout of the pivot at 1.11381, the swing-high resistance, and the price could then rise to the 1st resistance at 1.12531, the swing-high resistance. Alternative scenario: Price could reverse from the swing-high resistance at 1.11381, and fall to the 1st support at 1.10641, the pullback […]
TitleEURJPY H4 | Breaking the support level? TypeBearish breakout Preference:EURJPY could continue with the downtrend and break the pivot at 156.201, the pullback support, the price could then fall to the 1st support level at 153.874, the multi-swing-low support. Alternative scenario:The price could rise to the 1st resistance at 158.509, the swing-high resistance. To discuss […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1111. A consolidation range is forming around this level. With a downward escape from the range, a decline wave to 1.1020 is expected. With an upward escape, a growth structure to 1.1155 is not excluded. Next, the pair might go down by the […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, in this situation, the quotes are expected to rise above 1/8 (0.8422) and later reach the resistance at 2/8 (0.8544). The scenario […]