Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD is testing the upper border of the Cloud. The instrument is going inside the Ichimoku Cloud, which suggests a sideways market. A test of the lower border of the Cloud at 1.1005 is expected, followed by growth to 1.1160. A signal confirming the growth will be a rebound from […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are below the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken the support line. In this situation, the level of 2/8 (0.6652) is expected to be broken downwards, after which the price could drop to the support at 0/8 […]
TitleAUDUSD H4 | Reverse from a key resistance TypeBearish Reversal Preference:Price has just reversed from our pivot point at 0.67172 which is a pullback resistance that lines up with 61.8% Fibonacci retracement. If price were to reverse, it could falling to 1st support at 0.66605 which is a pullback support level Alternative scenario:However, if price […]
TitleXAUUSD H4 | Falling to support TypeBullish Bounce Preference:Price is approaching our pivot point of 1968.282 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 2012.197. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1950.399. To discuss this trading idea, […]
XAUUSD, “Gold vs US Dollar” Near the resistance, gold has formed a Shooting Star reversal pattern. The instrument is now going by the reversal signal in a descending wave. The target for the correction could be 2000.00. Upon testing the support, the price might get a chance for a rebound and further development of the […]
EURUSD, “Euro vs US Dollar” The currency pair completed a structure of decline to 1.0943. At a certain point, the market returned to 1.0000 and formed a consolidation range around this level. If the price escapes the range upwards, the correction could continue to 1.1058. With an escape downwards, the wave of decline could continue […]