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TitleUSDCAD H4 | Bullish bounce off overlap support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36075 which is an overlap support that aligns with the 100.0% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.36901 which is a multi-swing-high […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0575 is expected, followed by a rise to 1.0755. An additional signal confirming the rise will be a rebound from […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The pullback target might be 1920.50. Upon breaking the support, the price could rebound from it and continue the uptrend. However, the price might rise to 1965.00 without any […]
Oil Underpinned by Middle East Tensions Oil prices continue to tread water through the middle of the week as prices consolidate following the sharp rally seen on Friday. Tensions in the Middle East are underpinning oil prices here though, with traders awaiting fresh upside impetus, bulls have been unable to capitalise on last week’s momentum. […]
TitleEURJPY H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference: Price could fall to our pivot point at 157.9, which is a pullback support level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. Since EURJPY is looking to become bullish, there is a high possibility that the multi-swing high resistance could be […]
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