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XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could remain at 2070.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could pull back to 2005.00 before […]

Title:GBPUSD H4 I Continue to support level? TypeBearish Drop Preference:The price is falling from our pivot point of 1.2586,  A fall from this point could lead the price to fall to the 1st support at 1.2499, a pullback support. Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance […]

TitleAUDUSD H4 I Bearish reversal? TypeBearish Drop Preference:The price is currently at our pivot point of 0.6605, which serves as an overlap resistance level that closes to the 61.8% fibo retracement.  A reverse from this point could lead the price to fall to the 1st support at 0.6529, an overlap support. Alternative scenario:However, if the […]

USDJPY Continues Lower The Japanese Yen is rallying firmly against the Dollar today with USDJPY extending its recent decline. The pair has fallen from high of around high 151 to current levels around low 145. The shift in outlook on the Fed has been the main driver of the move lower in recent months. However, […]

Last week, the currency pair EUR/USD rebounded from the level of 1.1000. Currently, the asset is approaching the supporting zone formed between levels 1.0670 and 1.0640. The price of this asset is likely to rebound from this zone and rise. The recent trend can be considered a mere correction from the achieved maximum points. The […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0895. However, the price could correct to 1.0710 and extend the uptrend after testing the support. […]