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EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0545 is expected, followed by a decline to 1.0335. An additional signal confirming the decline will be a rebound from the upper boundary of […]

TitleUSDCAD H4 | Reacting off resistance level? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 1.36905, which serves as a swing-high resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.36319, a pullback support level. Alternative scenario:However, if the price breaks above the […]

TitleGBPJPY H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price is falling to our pivot point at 180.61, which is a multi-swing low support level. If price rejects and bounces off the pivot point, then price could potentially rise towards the 1st resistance at 181.88, which is a pullback resistance level. Alternative scenario: If […]

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The Japanese yen continues to devaluate against the US dollar. The current USDJPY exchange rate is 149.87. The Japanese government is prepared to take measures against the devaluation of its national currency, as stated by the Ministry of Finance. The authorities emphasise their commitment to maintaining control over the situation. These comments are regarded as […]

The Australian dollar is rapidly depreciating against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6324. During today’s meeting, the Reserve Bank of Australia left the interest rate unchanged at 4.1% per annum. In its comments, the RBA emphasised that there may be a need for future monetary policy tightening. This […]