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TitleEURUSD H4 | Bullish Rise TypeBullish Bounce Preference:Price is falling toward the pivot point of 1.0782, a pullback support level. A reverse from this level could lead the price to rise to 1st resistance at 1.0829, a pullback resistance Alternative scenario:If the price breaks below the pivot, it could fall to 1st support at 1.0741. […]
TitlePotential Bullish Bounce of 50% Fibonacci Support TypeBullish Bounce Preference:Price could towards the pivot point of 1.35484 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35795 which is a pullback resistance level. Alternative […]
TitleApproaching Pullback Resistance TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.65234 which is a pullback resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64909 which is a pullback support level. Alternative scenario: If price breaks above the pivot point, it could […]
TitleEURUSD H4 | Potential bearish reversal TypeBearish Drop Preference:Price is currently at the pivot point of 1.0832, an overlap resistance level. A reverse from this level could lead the price to fall to 1st support at 1.0795, an overlap support level, above the 50% Fibo retracement Alternative scenario:If the price breaks above the pivot, it […]
The Japanese yen, paired with the US dollar, has reversed course and is now strengthening. The current USDJPY exchange rate stands at 149.80. Bank of Japan board member Hajime Takata urged the central bank to start discussing the potential end of its ultra-loose monetary policy. He emphasised the importance of considering all scenarios, including negative […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken the 8/8 (0.8789) level, escaping the overbought area on H4. The RSI is testing the support line. In this situation, a further decline to the support at 6/8 (0.8667) is expected. The scenario could be cancelled by rising above the resistance at +1/8 (0.8850), in […]