Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the resistance level. The pair is going above the Ichimoku Cloud, indicating an uptrend. A test of the Tenkan-Sen line at 1.0925 is expected, followed by a rise to 1.1105. Growth might be additionally supported by a rebound from the upper boundary of the bearish channel. […]
EURUSD, “Euro vs US Dollar” EURUSD has reached a local growth wave target of 1.1000. Today a consolidation range is forming below this level, potentially expanding to 1.1010. Subsequently, the price could break the range downwards, targeting 1.0890 (a test from above). Next, another growth link to 1.1050 could develop, marking the end of this […]
TitleGBPUSD H4 | Falling to support level? TypeBearish Reversal Preference:Price is moving to our 1st support at 1.26175, the overlap support level from the pivot point at 1.27866, the swing high resistance. Alternative scenario:Price could break through pivot at 1.27866 and rise to 1st resistance at 1.28351, pullback resistance level. To discuss this trading idea, […]
TitleGER 40 H4 | Potential bearish breakout TypeBearish Breakout Preference:Price could break out of the pivot line at 16735.14, an overlap support, and revert to the 1st support level at 16450.45, also an overlap support. Alternative scenario:The price could bounce off the pivot line at 16735.14, and rise to the 1st resistance at 16960.36, the […]
The primary currency pair is holding higher on Thursday. The current EURUSD exchange rate stands at 1.0905. Investors are reacting against the US dollar after extracting valuable insights from the Federal Reserve’s aggressive comments. The Fed’s meeting ended with a neutral outcome. The interest rate was kept at 5.50% per annum, and the tone of […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are going below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, a rebound from the 2/8 (0.8667) level is expected, followed by a price rise to the resistance at 4/8 (0.8789). The […]