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AUDUSD, “Australian Dollar vs US Dollar” On H4, AUDUSD quotes have broken the 200-day Moving Average and are now above it, hinting on possible development of an uptrend. The RSI is testing the support line. In these circumstances, we expect the price to rise above 3/8 (0.6774) and afterwards grow to the resistance at 4/8 […]

TitleDXY H4 | Fibo confluence TypeBearish Reversal Preference:Price is approaching our pivot at 102.7001, which has 3 fibo confluences: a 78.6% Fibonacci retracement, a 127.20% Fibonacci extension, and a 61.8% Fibonacci projection, as well as a descending trendline. If the price were to break above the pivot point, it could potentially push up to the […]

Over the weekend, some members of the oil alliance OPEC+ announced that they’ll be producing less oil in the second half of 2023. This shocking news came before a joint ministerial meeting that was scheduled for today and caught the markets off guard, causing prices to jump up by over 6% and creating a frenzy […]

EURUSD, “Euro vs US Dollar” On H4, EURUSD quotes are above the 200-day Moving Average, which reveals the prevalence of an uptrend. The RSO is testing the support line. The quotes are currently expected to rise above 5/8 (1.0803) and reach the resistance at 6/8 (1.0864). The scenario can be canceled by a downwards breakout […]

EURUSD on Monday looks neutral. The current quote is 1.0790. This week not only starts a new month but also opens a quarter. Many important reports are scheduled for this period, so investors will definitely need forces. Last Friday, the US presented a cardinal release of the basic personal consumption expenses index in February. This […]

EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0700. At the moment, the market has extended it up to 1.0928. If the price breaks it upwards, a pathway for growth to 1.1080 will open. If the price breaks the range downwards, the structure of decline could continue to 1.0455, […]