Day: February 8, 2024

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target might be the resistance at 1.0830. However, the price could drop to 1.0715 and extend the downtrend without testing the resistance. […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has received support at the 1.0767 level and continues correcting. Today the correction could extend to 1.0791. Once it is over, a decline wave to 1.0700 is expected to begin. And if this level also breaks, the potential for a wave to 1.0666 might open. This is […]

TitleEURUSD H1 | Bearish reversal TypeBullish Breakout Preference:Price is rising toward the pivot point of 1.0790, a pullback resistance that aligns with the 38.2. A reverse from this level could lead the price to fall to 1st support at 1.2724, a swing low support level Alternative scenario:If the price breaks above the pivot, it could […]

TitleGBPJPY H4 | Potential bullish breakout TypeBullish Breakout Preference: The price could continue to rise and break out of pivot at 187.493, the overlap resistance.  From there it could rise to the 1st resistance at 188.317, the multi-swing high resistance that aligns with the 127.2% Fibonacci retracement. Alternative scenario:It might potentially reverse to the 1st […]