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Brent On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is testing the support line. In this situation, the quotes are expected to rise above 4/8 (87.50) and reach the resistance at 5/8 (90.62). The scenario can be canceled by a downward breakout of 3/8 […]
Today, Thursday, July 21 (2022), Russian gas began flowing again to Europe as soon as maintenance operations were completed on Nord Stream 1 after an interruption of about 10 days. According to the data, Russia resumed pumping gas through the Nord Stream 1 pipeline early in the morning of Thursday, July 21 (2022), and this […]
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Retail Heavily Short EURJPY The retail market is holding a roughly 90% short position in EURJPY today putting the pair firmly in focus as a good candidate for longs. EUR has been trading higher all week and is benefiting nicely today from the drop in USD on the back of yesterday’s US inflation data. […]
TitleXAUUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching our pivot level of 2032.237 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1981.694. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 2045.439. To discuss this trading idea, head […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.1035 is expected, followed by growth to 1.1325. An additional signal confirming the growth will be a rebound from the lower border of the […]