Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD has completed a corrective wave to 1.0929. A decline link to 1.0880 is forming today. Practically, a consolidation range is forming around this level. With an escape from the range downwards, a decline wave to 1.0840 might continue. And provided this level is also breached, the potential for a […]
TitleDE30EUR H4 | Potential Bullish continuation? TypeBullish Bounce Preference: Price could bounce off our pivot point at 15974.94, which is an overlap support level. If price bounces off the pivot point, then price could rise towards the 1st resistance at 16143.2, which is a swing high resistance level, to grab liquidity. Alternative scenario: If price […]
TitleSPX500USD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is consolidating now, and could potentially bounce off our pivot point at 4553.6, which is an overlap support level. If price bounces off our pivot point, price could rise towards the 1st resistance at 4604.5, which is a multi-swing high resistance level, slightly above the […]
Key Test For USDJPY USDJPY is at an interesting juncture here. Following the correction from highs and the break below the 148.98 level lows, price is now retesting that level from beneath. If bulls can get back above here, this might well signal the end of the correction and the potential resumption of the broader […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a decline wave, reaching 1.0852. Today a link of growth to 1.0918 is forming. Practically, a wide consolidation range could form around 1.0918. With a downward breakout of this range, the pair might continue its downward movement to 1.0761. This is a local target. GBPUSD, “Great Britain […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes and the RSI are approaching the overbought areas on H4. In this situation, the price is expected to test the 0/8 (0.8789) level, rebound from it, and rise to the resistance at 2/8 (0.8911). The scenario can be cancelled by a downward breakout of the 0/8 (0.8789) […]