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EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0701 and a link of correction to 1.0732. Today the market is consolidating around this level. The consolidation range is expected to extend to 1.0744. Next, a decline to 1.0732 (a test from above) and a rise to 1.0760 are […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. Another test of the Kijun-Sen line at 1.2365 is expected, followed by a decline to 1.2165. An additional signal confirming the decline will be a rebound from […]
The BTC rose to 28,093 USD by Monday. The weekly increase was 5.43%. The main growth momentum was achieved in the last couple of days. The recovery of the correlation between the BTC and the US stock market eventually allowed for buying the crypto, although investors were full of doubts earlier. Market rumours cite that […]
Title GBPUSD H4 | Cable heading into resistance Type Bearish Reversal Preference: Price could approach the pivot point of 1.23533 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1.22811. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance of 1.2394. […]
TitleEURUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 1.07588 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 1.07069. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 1.07951. To discuss this trading idea, […]
TitleUSDCAD H4 | React off 1st resistance TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.36479, an overlap resistance level. A reverse from here, price could fall to 1st support level at 1.35596, a pullback support level. Alternative scenario:However, if price breaks above the piovt, it could rally to 1st resistance […]