TitleEURJPY H4 | Bearish reaction off 78.6% fibo? TypeBearish Reversal Preference: Price is approaching our pivot point at 158.49, which is a multi-swing high resistance level, aligning with the 78.6% fibo projection. If price reacts bearishly, price could fall to the 1st support level at 157.16, which is a swing low support level. Alternative scenario:If […]
The new week has kicked off with an unexpected twist for US long-term Treasury bond holders. Amidst a fresh sell-off on Monday, yields on 10-year Treasury bonds surged past 4.5%, setting a new high. Short-term bonds, however, didn’t experience the same level of pressure, with the yield on two-year bonds retreating slightly from its recent […]
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EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which implies a downtrend. A test of the lower boundary of the Cloud at 1.0680 is expected, followed by a decline to 1.0515. An additional signal confirming the decline could be a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD continues to develop a consolidation range around 1.0646. Today the range could expand upwards to 1.0677. A link of decline to 1.0606 is expected next. After the price reaches this level, a wave of growth to 1.0760 could begin. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues to […]