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EURUSD, “Euro vs US Dollar” EURUSD quotes are near the 200-day Moving Average on H4, which indicates the absence of any trend. The RSI has broken the resistance line. In these circumstances, the price is expected to break the 5/8 (1.1074) level and continue to grow to the resistance at 6/8 (1.1108). The scenario can […]
TitleBCOUSD H4 | Potential reversal off Fibo confluence? TypeBearish Reversal Preference:Price is rising towards the pivot point of 84.288 which is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% Projection levels and could potentially reverse from here; we could see momentum carry price down to […]
TitleEURUSD H4 } Potential bullish reversal? TypeBullish Bounce Preference: Price is currently at out pivot point of 1.09413 which is a pullback support level that aligns with 78.6% Fibo retracement. A bounce off from here, price could push up to 1st resistance at 1.10136 which is a pullback support level. Alternative scenario:However, if price breaks […]
Subtle Shifts From BOJ The Bank of Japan meeting earlier this morning was a very interesting affair altogether, and for those who rose early/or stayed up late, we were treated to plenty of volatility. While no policy adjustments were made, there were some noteworthy tweaks in operations which caused a storm. As expected, the BOJ […]
The BTC rate on Friday stood at approximately 29,229 USD. Each new attempt by BTC to rise becomes increasingly difficult. The overall fundamental background appears quite calm, lacking spark. The technical picture is more pessimistic. According to seasonal cycles, the current phase is bearish. Investors are unable to capitalise on the buying impulse in the […]
The major currency pair is under pressure on Friday. The current EURUSD quote is 1.0970. The European Central Bank has taken the initiative in raising interest rates from the Fed and raised the cost of borrowing by 25 basis points to 4.25% per annum. In its comments, the ECB stated that the portfolio of securities […]