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The primary currency pair is consolidating on Thursday. The current EURUSD exchange rate stands at 1.0949. The market has calmed down. Investors seem to be conserving energy before the movements of Thursday and Friday when the maximum number of crucial statistics will be released. Next, market participants will go on Christmas holidays. The US CCI […]
The British pound sterling paired with the US dollar is compelled to retreat. The current GBPUSD exchange rate stands at 1.2639. The UK’s November inflation report revealed a big surprise: the consumer price index decreased to 3.9% against the consensus forecast of 4.4%, and core inflation fell to 6.3% from the earlier 6.6%. These are […]
TitleEURJPY H4 | Potential bearish breakout TypeBearish Breakout Preference:Price could break out of the pivot at 156.481, overlap support, and fall to the 1st support level at 155.606, a pullback resistance, which also aligns with the 61.8% Fibonacci retracement. Alternative scenario:Price could potentially bounce off the overlap support at 156.481 and rise to the 1st […]
TitleGBPUSD H4 | Falling to support level TypeBearish Breakout Preference:The price could break through the pivot at 1.26297, multi-swing low support, and reverse to the 1st support at 1.2508, the pullback support level. Alternative scenario: Alternatively, the price could rise to the 1st resistance at 1.27452, the swing-high resistance from the pivot at 1.26297. To […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might remain at 2065.00. Upon testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might pull back to 2010.00 before rising. […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the oversold area on H4. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above -1/8 (0.8667), subsequently reaching the resistance level of 0/8 (0.8789). The scenario could be cancelled by a downward breakout of -2/8 (0.8544), which […]