Latest Market News
TitleUS30 H4 | Rising to Fibo level TypeBullish Breakout Preference:The price is rising to the pivot at 38622.79, the swing-high resistance. It could potentially break out of the pivot and rise to 1st resistance at 38944.28, the 127% Fibonacci extension level. Alternative scenario:Price might reverse and fall to the 1st support at 38121.57, the overlap […]
TitleEURJPY H4 | Potential bearish breakout TypeBearish Breakout Preference:EURJPY could reverse and break out of pivot at 158.468, the swing-low support. From there it might drop further to the 1st support at 157.254, the swing-low support that aligns with the 38.2% Fibonacci retracement. Alternative scenario:The price could rise and break out of the 1st resistance […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave to the 1.0745 level. By now, a consolidation range has formed around this level. Today the market has escaped this range upwards, suggesting a further correction to 1.0770. Once it is over, the decline wave could extend to 1.0700, from where the […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, which reveals the prevalence of an uptrend. The RSI is testing the support line. In this situation, the quotes are expected to rise above 7/8 (148.43), subsequently reaching the resistance level at 8/8 (150.00). The scenario could be cancelled […]
BTC Remains in Range Bitcoin remains firmly range-bound as we cross through the middle of the week. Following a rebound off the post-SEC lows, the leading crypto asset has failed to gain further bullish momentum and now sits in a congested block mid-way between 40345 – 45520. The price action reflects a market which is […]
TitlePotential Resistance at 61.8% Fibonacci Retracement TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.65586 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64671 which is a pullback support level. Alternative […]