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USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, which reveals the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a test of 3/8 (142.18) is expected, followed by a breakout from it and a decline to the support at 2/8 […]
TitleNZDUSD H4 | Bullish bounce TypeBullish Rise Preference:The price is rising to 1st resistance at 0.63055, which is the 161.8 Fibonacci extension level, from our pivot at 0.62497, an overlap support. Alternative scenario:Price could reverse and break through the pivot at 0.62497 and fall to 1st support at 0.61835, an overlap support. To discuss this […]
The US dollar demonstrated resilience, making gains against most major currencies despite ongoing retreats in Treasury yields. The EUR/USD pair stepped back from its weekly peak at 1.099 as market volatility remains subdued ahead of the winter holidays and a forthcoming US inflation report. Despite Treasury yields continuing to decrease, the 10-year note offers 3.88%, […]
The Australian dollar is noticeably appreciating against the US dollar. The current AUDUSD exchange rate stands at 0.6772. Aussie has been on the rise for six consecutive days. In November, Australia’s leading economic indicator index from MI increased by 0.1% m/m, following a zero value in October. The National Bank of China decided to keep […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Engulfing reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target might be the support at 1.0915. However, the price could rise to 1.1070 and continue the uptrend without testing the support. […]
TitleEURGBP H4 | Falling to support line? TypeBearish Reversal Preference:The price is reversing from pivot at 0.86506, the overlap resistance, to the 1st support at 0.8577, a pullback support. Alternative scenario:Price could break through the overlap resistance at 0.86506 and bounce to the 1st resistance at 0.86999, also an overlap resistance. To discuss this trading […]