News

EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument might go by the reversal signal in a descending wave. The decline target could be the support at 1.0770. However, the quotes might correct to 1.0870 and extend the downtrend after the test […]

The Japanese yen, paired with the US dollar, has reduced its activity to a minimum. The current USDJPY exchange rate stands at 149.98. Morning statistics from Japan revealed a decline in the February Reuters Tankan business confidence index, dropping to -1 points from the previous 6 points. Japanese exports surged in January, increasing by 11.9% […]

TitleSPX500 H4 | Bullish bounce TypeBullish Bounce Preference:The price could fall to the pivot at 4952.82, the overlap support, then it could bounce off the pivot and rise to the 1st resistance at 5038.6, the multi-swing high resistance. Alternative scenario:Price might break below the pivot and fall to the 1st support at 4906.53, the overlap […]

TitleDE30 H4 | Bearish breakout TypeBearish  Breakout Preference:The price could continue the downtrend and break the pivot at 17065.2, the overlap support. Then it could fall to the 1st support at 16880.39, the swing-low support that aligns with the 78.6% Fibonacci retracement. Alternative scenario:It could bounce off the pivot and rise to the 1st resistance […]

The Australian dollar, paired with the US dollar, has risen even further. The current AUDUSD exchange rate stands at 0.6565. The Aussie is appreciating gradually, steadily gaining ground. An important supportive factor is the local weakness of the US dollar, as the market awaits the release of the Federal Reserve’s latest meeting minutes this evening. […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2605 is expected, followed by a rise to 1.2720. An additional signal confirming the rise might be a rebound […]