Latest Market News
TitleEURUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:The price could rise to pivot at 1.10057, the swing-high resistance before pulling back and falling to 1st support level at 1.08772, an overlap support. Alternative scenario: Alternatively, the price could break through the support at the pivot level, 1.10057, and rise to the 1st resistance at […]
TitleEURJPY H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot at 157.695, an overlap support and rise to 1st resistance at 159.1, which is an overlap resistance. Alternative scenario:Price could also break through the pivot at 157.695 and reverse to the 1st support at 156.459, an overlap support level. To discuss […]
Gold Hovering Near Highs Gold prices are hovering just below the 2069.41 level today as we move towards the US session. The recent correction lower found strong support into a test of the 1973.51 level with price bouncing sharply form that support. The weakness in USD currently has been a major supporting factor for gold […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.0986. A consolidation range is now forming under this level. With an escape from the range downwards, the quotes might correct to 1.0936. After the correction is over, a growth wave to 1.1011 could start. This is a local target. GBPUSD, “Great Britain […]
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 […]