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The British pound sterling, paired with the US dollar, continues to weaken. The current GBPUSD exchange rate stands at 1.2316. The pound has found itself under pressure as the US dollar strengthens its position. But there is more stress looming ahead. The Bank of England meeting will take place today, and the market has become […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is approaching the resistance line. In this situation, a test of 4/8 (0.9033) is expected, followed by a breakout of the level and a rise to the resistance at 5/8 (0.9094). […]
TitleAUDUSD H4 | Falling to 127.2% Fibo support TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.64005 which is an overlap support that aligns clsoe to the 127.2% Fibonacci extension level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.6473 which is a […]
TitleEURUSD H4 | Bouncing off support (Day)? TypeBullish Bounce Preference:The price has just bounced off the pivot point at 1.06327, a multi-swing low support level and a swing low daily support. A bounce from this level could lead the price to rally toward the 1st resistance at 1.06737, which is a pullback resistance… Alternative scenario:However, […]