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TitleEURJPY H4 | Potential bearish breakout TypeBearish Breakout Preference:Price could break out of the pivot at 156.481, overlap support, and fall to the 1st support level at 155.606, a pullback resistance, which also aligns with the 61.8% Fibonacci retracement. Alternative scenario:Price could potentially bounce off the overlap support at 156.481 and rise to the 1st […]
TitleGBPUSD H4 | Falling to support level TypeBearish Breakout Preference:The price could break through the pivot at 1.26297, multi-swing low support, and reverse to the 1st support at 1.2508, the pullback support level. Alternative scenario: Alternatively, the price could rise to the 1st resistance at 1.27452, the swing-high resistance from the pivot at 1.26297. To […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might remain at 2065.00. Upon testing the resistance, the price could break it and continue developing the uptrend. However, the quotes might pull back to 2010.00 before rising. […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the oversold area on H4. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above -1/8 (0.8667), subsequently reaching the resistance level of 0/8 (0.8789). The scenario could be cancelled by a downward breakout of -2/8 (0.8544), which […]
TitleUSDCHF H4 | Bounce off 61.8% Fibo Projection TypeBullish Bounce Preference:USDCHF could bounce off the pivot at 0.85961, a pullback resistance, which also aligns with the 61.8% projection level, and rise to the 1st resistance level at 0.8708, the swing-high resistance level. Alternative scenario:Price could break the pivot and 61.8% projection level at 0.85961 and […]
Brent oil is testing the upper boundary of the downtrend, trying to form a shooting star. The price of this asset might either rebound from the downtrend and gain the required support at the level of 71.50 or break the downtrend and rise. So, let’s observe which scenario is going to work out. The daily […]