Market Analysis

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 implies an uptrend. A test of the lower boundary of the Cloud is expected at 1.2130, followed by a rise to 1.2365. An additional signal confirming […]

TitleEURJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price created a lower high and could potentially fall to our pivot point at 158.98, which is an overlap support level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. If price bounces off our pivot point, then we can expect price to […]

TitleUSDCAD H4 | Potential support within bullish Ichimoku Cloud TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.37357 which is an overlap support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.38202 which is a pullback resistance that aligns with the 50.0% […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 2025.00. Upon testing the resistance, the price might break it and continue developing the ascending wave. However, the quotes could pull back to 1965.50 before […]

Brent Brent quotes are under the 200-day Moving Average in H4, which indicates the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a test of 4/8 (87.50) is expected, followed by a rebound from this mark and a decline to the support at 2/8 (84.38). The scenario can be […]

TitleDE30EUR H4 | Bearish reaction off pivot? TypeBearish Reversal Preference: Price is rising towards our pivot point at 15281, which is a multi-swing high resistance level. If price reacts bearishly, we can expect price to fall to the 1st support at 15123.5, which is a pullback support level. Alternative scenario: If price breaks above the […]

TitleGBPUSD H4 | Reacting off swing high? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.2224, which serves as a swing-high resistance level aligning with the 127.2% Fibonacci extension. A reversal from this point could lead to a price drop to the 1st support at 1.2174, an overlapping support level. Alternative scenario:However, […]

The Australian dollar, paired with the US dollar, has reached a three-week high. The current AUDUSD exchange rate stands at 0.6422. The Aussie managed to recover after the US Federal Reserve kept the interest rate unchanged at 5.50% per annum for the second consecutive time. The market’s reasoning is as follows: US interest rates have […]

The primary currency pair remains in equilibrium on Thursday. The current EURUSD exchange rate stands at 1.0599. So, the US Federal Reserve held a meeting where it made all the necessary monetary decisions. The interest rate remained at 5.50% per annum, as expected. However, the comments of the Fed Chair Jerome Powell did not come […]

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TitleUSDCHF H4 | Bouncing off 61.8%? TypeBullish Bounce Preference:The price is falling toward our pivot point of 0.89824, which serves as a pullback support level that aligns with the 61.8% Fibo retracement. A bounce from this point could lead the price to rise to the 1st resistance at 0.90948 Alternative scenario:However, if the price breaks […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has found a foothold above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Tenkan-Sen line at 0.6385 is expected, followed by growth to 0.6535. An additional signal confirming the rise could be a […]