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EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target could be the support at 1.0950. However, the price might rise to 1.1070 and continue its upward movement without testing […]

Brent Brent quotes are hovering below the 200-day Moving Average on H4, revealing a prevailing downtrend. The RSI is approaching the overbought area. In this situation, the price is expected to test the 2/8 (78.12) level, rebound from it, and fall to the support at 0/8 (75.00). The scenario can be cancelled by rising above […]

USD Under Pressure The Dollar Index is on course to end the week at its lowest level since August having shed around 2.4% since Monday’s opening price. The main driver behind the move lower this week was the December FOMC meeting on Wednesday. While the Fed held rates steady as expected, the accompanying outlook and […]

TitleAUDUSD H4 | Potential bullish bounce TypeBullish Bounce Preference:Price is falling to our pivot point at 0.66798, overlap support, and could bounce to our 1st resistance level at 0.6726, and overlap resistance. Alternative scenario: The price could break through the pivot at 0.66798 and fall to the 1st support level at 0.66188, the pullback support.. […]

EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the resistance level. The pair is going above the Ichimoku Cloud, indicating an uptrend. A test of the Tenkan-Sen line at 1.0925 is expected, followed by a rise to 1.1105. Growth might be additionally supported by a rebound from the upper boundary of the bearish channel. […]

EURUSD, “Euro vs US Dollar” EURUSD has reached a local growth wave target of 1.1000. Today a consolidation range is forming below this level, potentially expanding to 1.1010. Subsequently, the price could break the range downwards, targeting 1.0890 (a test from above). Next, another growth link to 1.1050 could develop, marking the end of this […]