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TitleXAUUSD H4 | Potential Bullish reversal? TypeBullish Bounce Preference:The price is declining towards our pivot point at 1931.886, which aligns with a 127.2 Fibonacci extension and 78.6% Fibonacci projection. A bounce from this level could lead the price to rally toward the 1st resistance at 1943.251 Alternative scenario: However, if the price breaks below the […]
TitleEURJPY H4 | Bearish reaction off 50% fibo? TypeBearish Reversal Preference: Price is currently reacting off the 50% fibo, which is at our pivot point at 158.43. If price manages to react bearishly off this pullback resistance level, then price could fall to the 1st support at 157.06, which is a multi-swing low support level. […]
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Unauthorised firm details Name: TRADEFX Address: 21 Wenlock Rd, London, N1 7TA Email: [email protected] Website: https://tforexm.com/ Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0815 is expected, followed by a decline to 1.0665. An additional signal confirming the decline will be a rebound from the lower boundary of the […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 1.3670. Next, the price could break the resistance and continue the uptrend. However, a correction to 1.3570 before the rise is not […]