Day: March 15, 2024
The primary currency pair decreased on Friday. The current exchange rate for EURUSD stands at 1.0874. The dollar seems poised to end a three-week losing streak, and statistics support it. However, investors are starting to doubt the Fed’s prospects. The February US Producer Price Index (PPI) rose by 0.6%, surpassing the forecasted 0.3% increase. This […]
The Japanese yen, paired with the US dollar, is easily retreating. The current exchange rate for USDJPY is 148.33. The US dollar appears strong again in the global currency market, exerting pressure on the JPY, including other currencies. Japan’s Finance Minister, Shunichi Suzuki, announced this morning that the Japanese economy is no longer deflationary due […]
BTC Pulls Back Following a breakout move to fresh all-time highs earlier this week, Bitcoin is now seeing fresh corrective activity. BTC futures are down around 10% from those highs with the leading crypto coin currently on track to register its only consecutive daily loss since late Feb. This is the second such pullback for […]
TitleGBPJPY H4 | Falling to support level TypeBearish Reversal Preference:GBPJPY is trading close to the pivot at 189.047, the pullback support. The price could potentially break below the pivot and drop towards the 1st support at 188.061, the swing-low support. Alternative scenario:The price could break above the pivot and continue to rise to 1st resistance […]
Brent Brent quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. However, the RSI is in the overbought area. As a result, in this situation, a breakout of the 6/8 (84.71) level is expected, followed by a decline to the support at 5/8 (82.81). The scenario could be […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target could be the resistance at 1.0930. However, the price could correct to 1.0850 and maintain its upward trajectory after a pullback. […]
TitleDE30 H4 | Bouncing off support level TypeBullish Bounce Preference:The DAX is bouncing off the pivot at 17910.07, the pullback support, price could rise to the 1st resistance at 18036.2 a swing-high resistance that aligns closely with the 161.8% Fibonacci retracement. Alternative scenario:The momentum might reverse and price could break below the pivot and fall […]
TitleGBPUSD H4 I Bearish reversal TypeBearish Reversal Preference:Price rises toward the pivot point of 1.2770, a pullback resistance. A reverse from this level could lead the price to fall to 1st support at 1.2698, a pullback support level that close to the 161.8% Fibo extension Alternative scenario: If the price breaks above the pivot, it […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave to 1.0878. A consolidation range could form around this level today. With an escape from the range downwards, the wave could extend to 1.0800. This is a local target. Once this level is reached, a growth link to 1.0878 (testing from below) […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has gained a foothold below the lower boundary of the bullish channel. The pair is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.2770 is expected, followed by a decline to 1.2585. An additional signal confirming the decline […]
