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AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has broken the 200-day Moving Average on H4 and rests below it, revealing the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, in this situation a test of 4/8 (0.6591) is expected, followed by a rebound from this level and a […]

Daily Trade Setups In this update, we review the recent price action in CADJPY XAGUSD & Microsoft and identify the next high-probability trading opportunities and price objectives to target. To view today’s actionable analysis click here Source: Tickmill

TitleEURUSD H1 | Bearish reversal TypeBearish Reversal Preference:Waiting for price to pullback to the pivot point at 1.0939 which is an overlap resistance level. A reverse from this level it could fall to to 1st support at 1.0892, a swing low support level Alternative scenario:If price breaks above the pivot, it might rise to 1st […]

EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0935 is expected, followed by a decline to 1.0765. The decline could be additionally supported […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the 2070.00 level. Upon testing the resistance, the price might break it and continue developing the ascending wave. However, the quotes could correct to 2035.50 […]

The EUR/USD pair faced slight downward pressure during the European session but later recovered to the equilibrium rate of 1.0950, which has been sustained by the market since last week amid a lack of conclusive signals from the Fed or the ECB: The Dollar index (DXY) rose amidst a thin-volume trading session marked by elevated […]