Latest Market News
TitleUSDJPY H4 | Potential bearish reversal? TypeBearish Breakout Preference: The current price is falling towards our pivot at 143.726, a pullback support. It could break through the pivot and continue falling to our support level at 141.564, a pullback support. Alternative scenario: Price will bounce off the pivot point and rise to our resistance level […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2615 is expected, followed by a decline to 1.2365. An additional signal confirming the decline will be a rebound […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could remain at 2070.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could pull back to 2005.00 before […]
Title:GBPUSD H4 I Continue to support level? TypeBearish Drop Preference:The price is falling from our pivot point of 1.2586, A fall from this point could lead the price to fall to the 1st support at 1.2499, a pullback support. Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance […]
TitleAUDUSD H4 I Bearish reversal? TypeBearish Drop Preference:The price is currently at our pivot point of 0.6605, which serves as an overlap resistance level that closes to the 61.8% fibo retracement. A reverse from this point could lead the price to fall to the 1st support at 0.6529, an overlap support. Alternative scenario:However, if the […]
USDJPY Continues Lower The Japanese Yen is rallying firmly against the Dollar today with USDJPY extending its recent decline. The pair has fallen from high of around high 151 to current levels around low 145. The shift in outlook on the Fed has been the main driver of the move lower in recent months. However, […]