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TitleEURGBP H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching the pivot point of 0.87154 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 0.86777. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.87471. To discuss this trading […]
The Japanese yen, paired with the US dollar, continues to decline. The current USDJPY quote is 138.37. The strong US dollar, which is in demand as a safe haven asset, is having a remarkable influence on the Japanese yen. Fresh Japanese statistics have attracted attention. The PMI report turned out positive: the services sector is […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting in a Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the indicator at 1.2465 is expected, followed by a decline to 1.2295. An additional signal confirming the decline will be a rebound […]
TitleAUDUSD H4 | A bounce off 23.6% TypeBullish Bounce Preference:Price has just bounced off our pivot point off 0.66282 which aligns with a 23.6% Fibonacci retracement. A reverse from here, price could rally to 1st resistance at 0.66704 which is a multi swing high resistance. Alternative scenario:However, if it breaks below, it could fall to […]
TitleETHUSD H4 | Bullish bounce TypeBullish Bounce Preference:Price has bounced off the pivot point of 1792.65 and could continue to climb higher, we could see momentum carry price up to its 1st resistance of 1848.31. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1759.84. To discuss this trading […]
Tech Stocks Boosted by Powell Shares in Tesla are trading higher ahead of the open today. The stock is benefiting from a combination of factors currently. Dovish comments from Fed chairman Powell on Friday have fuelled a sharp repricing of US rates with the market now projecting a lengthy pause through to November at which […]