Day: January 23, 2024
The price of Apple stocks tested the maximum point at the level of 198.35, rebounded, and dropped. Currently, the asset’s price is trying to rise. The asset is targeting the resistance zone formed between levels 198.35 and 199.62. The price of this asset might potentially retest the previously reached level, rebound above the resistance, and […]
TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price could rise towards the pivot point of 0.61309 which is a pullback resistance level and potentially break above this level; we could see momentum carry price up to its 1st resistance at 0.61848 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Alternative scenario: […]
EURUSD, “Euro vs US Dollar” EURUSD has extended the consolidation range downwards to 1.0875. Today the market is forming a growth link, extending the range to 1.0913. Upon reaching this level, a new decline wave to 1.0838 could begin. This is the first target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues developing a […]
The primary currency pair continues to rise moderately on Tuesday, but overall, investors have adopted a wait-and-see attitude. The current EURUSD exchange rate stands at 1.0895. There have been few statistics so far, prompting the market to keep a close eye on the euro and speculate about the prospects of the European Central Bank’s future […]
TitleGBPJPY H4 | Rising to Fibo level TypeBullish Bounce Preference:The price is on the pivot point at 188.538, the swing-high resistance, if it breaks the pivot point price might continue to rise to 1st resistance level at 190.154, which aligns with the 61.8% Fibonacci projection level. Alternative scenario: The price could reverse from the pivot […]
TitleFalling to Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34232 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35274 which is a pullback resistance level. Alternative scenario:If price breaks below the pivot point, it […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4 near the support level. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0970. However, the quotes could drop to 1.0870 and extend the uptrend after the correction. USDJPY, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2705 is expected, followed by a rise to 1.2825. An additional signal confirming the rise will […]
TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.61315 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.60166 which is a pullback support level. Alternative scenario:If price […]
TitleEURGBP H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot point at 0.85543, the multi-swing-low support and it might continue to rise to 1st resistance at 0.86172, the overlap resistance level which aligns with the 32.2% Fibonacci retracement. Alternative scenario:It might reverse and the 1st support at 0.85294, the swing-low support. […]