AUDCAD, H4 | Bearish Momentum

Type: Bearish ReversalKey Levels:Resistance: 0.91349Pivot: 0.91066Support: 0.90379Preferred Case:Prices are on bearish momentum. We see the potential for a pullback from our Pivot at 0.91066 which is an area of Fibonacci confluences towards our 1st support at 0.90379 in line with 78.6% Fibonacci retracement. Our bearish bias is further supported by prices trading below our Ichimoku clouds and RSI is at a level where dips previously occurred.Alternative Scenario:Alternatively, prices may go towards our 1st resistance at 0.91349 in line with 50% Fibonacci retracement.

Source: Tickmill

Technical Analysis & Forecast 15.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair completed a decline wave, reaching 1.0622. Today, the market is forming a consolidation range above this level.

Ichimoku Cloud Analysis 15.04.2024 (GBPUSD, USDCAD, AUDUSD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the support level. The instrument is going below the Ichimoku Cloud,

Murrey Math Lines 12.04.2024 (Brent, S&P 500)

Brent Brent quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has broken the support line, exiting the overbought

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