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TitleEURJPY H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price has been ranging the past few weeks, and could continue to range from our pivot point at 156.76, to the 1st resistance at 157.81. If price rejects and bounces off the pivot point, then it could potentially rise to the neckline of the double […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3755. Next, the price could break the resistance and continue the uptrend. However, the quotes might correct to 1.3655 before rising. AUDUSD, […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes and the RSI on H4 are in their respective oversold areas. In this situation, a rebound from -1/8 (0.6317) could be expected, followed by a rise to the resistance at 1/8 (0.6378). The scenario can be cancelled by a rebound from -1/8 (0.6317). In this case, the […]

USDCHF Pushing On Following a brief correction lower, USDCHF is pushing higher again today. The rally comes on the back of the latest Swiss inflation data which showed that CPI contracted 0.1% last month, down from 0.2% the prior month and below the 0% the market was looking for. The drop in inflation suggests that […]

DXY Breaking Out The US Dollar continues to March higher on Tuesday with DXY now at its highest level in a year. The rally is being fuelled by a relentless rise in yields on the back of the Fed’s recent tightening signal. At the September FOMC meeting, the Fed warned that rates would likely need […]

EURUSD, “Euro vs US Dollar” EURUSD has made a descending movement to 1.0500. By now, the market has formed a consolidation range and, escaping it downwards, continues developing the wave by the trend to 1.0408. Upon reaching this level, a link of correction to 1.0500 (with a test from below) is not excluded. Next, a […]