Latest Market News
TitleGBPUSD H4 | Potential Bearish reversal TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.2688, which serves as a pullback resistance level aligning with the 38.2% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 1.2581, a pullback support level. Alternative scenario:However, if the […]
Brent Brent quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. However, the RSI is approaching the oversold area. In this situation, a test of 1/8 (76.56) is expected, followed by a rebound from this level and a rise to the resistance at 3/8 (79.69). The scenario could be […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 2090.00. Upon testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might correct to 2057.50 before the growth. […]
The primary currency pair declined on Friday. The current EURUSD exchange rate stands at 1.1062. Sharp price fluctuations, like those currently observed, are possible in a thin and low-liquidity market. The situation will become more predictable as most investors resume transactions after the New Year. The weekly report on initial jobless claims in the US […]
TitleGBPUSD H4 | Bullish bounce TypeBullish Bounce Preference:GBPUSD has bounced off the pivot at 1.27194, a multi-swing low support, the price could continue rising to 1st resistance level at 1.2813, the swing-high resistance. Alternative scenario:The price could pullback and revert to the 1st support at 1.26903, the overlap support which aligns with the 61.8% Fibonacci […]
TitleXAUUSD H4 | Potential bearish breakout TypeBearish Breakout Preference:XAUUSD could break out of the pivot at 2064.042, the multi-swing low support, and could fall to the 1st support at 2037.288, the overlap support level. Alternative scenario: The price could potentially rise to the 1st resistance at 2090.795, the swing-high resistance level. To discuss this trading […]