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AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI has rebounded from the resistance line. In these circumstances, the price is expected to break the 3/8 (0.66530) level down and drop to the support at 2/8 (0.6469). The scenario can be cancelled […]

The market outlook for the approaching week encompasses several key events, including notable speeches, economic data releases, and the ongoing trajectory of Brent oil prices. Here’s a breakdown of what to expect: US Federal Reserve Updates The week kicks off with an insightful speech by Michelle Bowman, the esteemed governor of the US Federal Reserve, […]

TitleDE30EUR H4 | Bullish reversal off pivot? TypeBullish Bounce Preference:Price is approaching our pivot point at 15786.68, which is at the multi-swing low support. If price rejects this area, price could potentially head towards the 1st resistance at 15996.01, which is slightly above the 23.6% fibo retracement. Alternative scenario:If price breaks below the pivot,  then […]