Latest Market News
USDCHF, “US Dollar vs Swiss Franc” On H4, USDCHF quotes are in the oversold area. The RSI has broken the resistance line. A breakout of -1/8 (0.8972) and growth of the price to the resistance at 1/8 (0.9094) are to be expected. The scenario can be canceled by a downward breakout of the support at […]
TitleDE30 H4 | Bearish Divergence TypeBearish Reversal Preference:Price is approaching our pivot at 15766.97, which is a swing high resistance level. If there is a reversal from this level, the price could drop to our 1st support at 15536.3, which is a swing low support level. Alternative scenario:If the price were to break above a […]
Silver On the Move Silver prices are on the move again today following yesterday’s breakout. The metal has been a firm favourite over recent weeks, with silver futures now up around 28% from the YTD lows. The rally has seen price breaking out above the former YTD highs to print fresh highs on the year […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is pushing off the lower border of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 0.6705 is expected, followed by falling to 0.6555. An additional signal confirming the decline will be […]
EURUSD, “Euro vs US Dollar” On H4 near the resistance, EURUSD has formed a Harami reversal pattern. The instrument may now go by the reversal signal in a descending wave. The target for the correction might be 1.0935. However, the pair may grow to 1.1040 and continue the uptrend without testing the support. USDJPY, “US […]
TitleUSDCAD H4 | Bullish momentum TypeBullish Breakout Preference:Price has stalled around the 61.8% Fibonacci retracement and is approaching our pivot level of 1.3462, we could see momentum carry price up to its 1st resistance of 1.3554. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1.34038. To discuss this […]