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TitleUSDJPY H4 I Falling from 127.2% Fibo? TypeBearish Reversal Preference: The price has just reacted off our pivot point of 149.76, which serves as a swing-high resistance level aligning with the 127.2% Fibonacci extension. A reversal from this point could lead to a price drop to the 1st support at 149.29, a pullback support level. […]
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The primary currency pair on Thursday is poised for a cautious rise. The current EURUSD exchange rate stands at 1.0630. The US Producer Price Index statistics released yesterday indicate a gradual deceleration in inflation in September. This has once again prompted investors to speculate about whether the Federal Reserve has concluded its aggressive cycle of […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 200-day Moving Average on H4 and currently found themselves below the line, indicating probable development of a downtrend. However, the RSI has reached the oversold area. As a result, in this situation, a test of 3/8 (0.8977) could be expected, followed by a rebound […]