Latest Market News
TitleCHFJPY H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price could approach the pivot point of 155.484 and potentially reverse from here; we could see momentum carry price up to its 1st resistance of 156.276. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 155.083. To discuss this […]
TitleGBPNZD H4 | Bullish reversal from 38.2% Fibo TypeBullish Bounce Preference:Price is falling towards the pivot point of 2.03679 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 2.05217. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 2.02258. To […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. However, the RSI is nearing the overbought area. As a result, in these circumstances a test of 7/8 (142.18) is expected, followed by a rebound from this level and a decline to the […]
The major currency pair is consolidating on Thursday while awaiting news. The current EURUSD quote is 1.0810. These days are rich in news and emotions, but the market is coping well with this load so far. The US Federal Reserve System decided the day before to keep the interest rate unchanged at 5.25% per annum. […]
TitleUSDCHF H4 | React off 61.8% TypeBearish Reversal Preference: Price is approaching our pivot point of 0.90558 which aligns with a 61.8% Fibonacci retracement. A reverse from here, price could fall to 1st support at 0.89899 which is a pullback support level Alternative scenario: However, if it breaks above the pivot, it could rally to […]
TitleXAUUSD H4 | Potential bounce off support TypeBullish Bounce Preference: Price is currently at our pivot point of 1933.393 which is an overlap support level. A reverse from here, price could rally to 1st resistance at 1944.805 which aligns with a 50% Fibonacci retracement, Alternative scenario:However, if price breaks below the pivot, it could fall […]