TitleUSDCHF H4 | Bounce off 61.8% Fibo Projection TypeBullish Bounce Preference:USDCHF could bounce off the pivot at 0.85961, a pullback resistance, which also aligns with the 61.8% projection level, and rise to the 1st resistance level at 0.8708, the swing-high resistance level. Alternative scenario:Price could break the pivot and 61.8% projection level at 0.85961 and […]
Brent oil is testing the upper boundary of the downtrend, trying to form a shooting star. The price of this asset might either rebound from the downtrend and gain the required support at the level of 71.50 or break the downtrend and rise. So, let’s observe which scenario is going to work out. The daily […]
BRENT Brent has found a foothold above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 78.05 is expected, followed by a rise to 84.40. An additional signal confirming the rise will be a rebound from the upper […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a corrective wave to 1.0929. A consolidation range is expected to form above this level today. With an escape from this range upwards, a growth structure to 1.0972 could form, from where the wave might continue to 1.1012. With a downward escape, a decline link to 1.0888 […]
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TitleGBPUSD H4 | Bullish bounce? TypeBullish Bounce Preference:Price could bounce off the overlap support at 1.27198 and rise to the 1st resistance at 1.27918, the swing high resistance. Alternative scenario:Price could potentially break through the pivot at 1.27198 and fall to the 1st support at 1.26271, the pullback support. To discuss this trading idea, head […]