Latest Market News
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, in this situation, the quotes are expected to rise above 1/8 (0.8422) and later reach the resistance at 2/8 (0.8544). The scenario […]
The primary currency pair remains inclined for growth on Wednesday. The current EURUSD exchange rate stands at 1.1041. The currency market remains weak due to the festive season, within which the absence of participants is noticeable. Meanwhile, expectations regarding the US Federal Reserve’s future interest rate cuts are growing stronger. Low liquidity levels in the […]
The Australian dollar paired with the US dollar is actively on the rise. The current AUDUSD exchange rate stands at 0.6837. The current prices represent a new five-month high. The market is delighted that the cooling of US inflation has bolstered expectations for monetary easing in 2024. Such forecasts have driven up commodity prices, providing […]
TitleEURGBP H4 | Falling to support level TypeBearish Reversal Preference:EURGBP is pulling back from the pivot at 0.86844, the swing-high resistance and the price could reverse to the 1st support at 0.86469, the overlap support. Alternative scenario:The price could reverse from the current price and break out of the pivot at 0.86844 and rise to […]
TitleGBPUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:GBPUSD could reverse from the pivot at 1.2744, the pullback resistance and the price could fall to the 1st support, the overlap support at 1.26154, which aligns with the 61.8% Fibonacci retracement level. Alternative scenario:The price could breakout of the pullback resistance at 1.2744 and rise to […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The pullback target might be 1.3255. Next, the price could rebound from the resistance and continue the downtrend. However, the quotes might drop to 1.3115 without […]