Latest Market News
TitleEURUSD H1 I Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.0907 which aligns with the 61.8% Fibo retracement. A reverse from this point could lead the price to fall to 1st support at 1.0851, an overlap support level. Alternative scenario:If price breaks above the pivot, it could rise to 1st […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2695 is expected, followed by a rise to 1.2840. An additional signal confirming the rise could be a rebound […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal pattern in a descending wave. The decline target might be the 1.3480 mark. Next, the price could break the level and extend the downtrend. However, the quotes might correct to 1.3590 […]
TitleDAX H4 | Bearish breakout TypeBearish Breakout Preference:Price is on a downtrend to the pivot point at 16837.37, the pullback support. Price could break the pivot and fall to 1st support at 16646.16, an overlap resistance that aligns closely with 61.8% Fibonacci Projection level. Alternative scenario: The price might bounce off the pivot point and […]
TitleGBPUSD H1 I Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.2746 which is a pullback resistance that aligns with 61.8% fibo retracement. A reverse from this point could lead the price to fall to 1st support at 1.2703, an overlap support Alternative scenario:If price breaks above the pivot, it could […]
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