Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD found support at the 1.0600 level and continues developing a wave of growth to 1.0670. After the quotes reach this level, a link of decline to 1.0600 might follow (with a test from above). Next, a rise to 1.0706 is expected. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD […]
TitleUSDCAD H4 | Potential bearish breakout TypeBearish Breakout Preference: Price is falling towards the pivot point of 1.35768 which is a pullback support and could potentially break below this level; we could see momentum carry price down to its 1st support at 1.35248 which is a pullback support level. Alternative scenario:If price breaks above the […]
TitleNZDUSD H4 | Bullish bounce off overlap support TypeBullish Bounce Preference: Price is falling towards the pivot point of 0.60047 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.6057 which is […]
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The British pound sterling against the US dollar is confidently rebounding after a series of prolonged declines. The current GBPUSD exchange rate stands at 1.2290. With investor confidence in taking risks gradually returning to the market, the GBP is moving away from its recent lows. It is worth remembering that that September marked the worst […]
TitleGBPNZD H4 | Reversal of 50% Fibo resistance TypeBearish Reversal Preference:Price is trading close to the pivot point of 2.0418 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 2.02752 which is a […]