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Australian dollar against the US dollar on Tuesday is reacting logically to the RBA decision but the general mood remains positive. The current quote is 0.6755. At the meeting today, the Reserve Bank of Australia decided to leave the interest rate without a change at 3.6% per annum. Some had expected the rate to grow […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2335 is expected, followed by growth to 1.2585. An additional signal confirming the decline will be a rebound from the lower border of […]
TitleEURUSD H4 | Potential bullish reversal TypeBullish Bounce Preference:Price has bounced off our pivot at 1.07902, which has a fibo confluence of a 38.2% fibo retracement and 61.8% Fibo projection. If there is a reversal from this point, the price could potentially rally to the 1st resistance level at 1.09177, which is a swing high […]
TitleUS30USD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 32947.54 and potentially reverse from here, we could see momentum carry price down to its 1st support of 32227.7. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 33445.54. To discuss this trading idea, […]
In an unexpected turn of events, Dogecoin, the cryptocurrency that originated as a lighthearted joke, witnessed a substantial increase of more than 30% in its value after Twitter chose to swap its logo with the iconic Shiba Inu dog symbol associated with Doge. The Dogecoin community on Twitter couldn’t contain their excitement when they saw […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the correction might be 1.3495. Then the price could rebound from this level and continue the downtrend. However, the quotes may drop to […]