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EURUSD, “Euro vs US Dollar” EURUSD has completed a decline wave to 1.0940. By now, the market has formed a consolidation range around this level and, escaping it downwards, reached the local target of 1.0878. A correction to 1.0940 might develop today (a test from below). After the correction is over, a new decline structure […]

TitleAUDUSD H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference: Price is falling to our pivot point at 0.6588, which is an overlap support, aligning with the 38.2% fibo retracement. If price bounces off our pivot point, price could rise towards the 1st resistance at 0.6629, which is a swing high resistance level. Alternative […]

Crude Lower Crude prices have turned lower into the end of the week following yesterday’s OPEC+ meeting.  The market was widely expecting the group to announce an extension of current production restrictions through next year with some speculating that perhaps we might see a deepening of current cuts. However, reports of tensions within the group […]

The British pound sterling has stepped back from the three-month peak against the US dollar and continues its decline. The current GBPUSD exchange rate stands at 1.2643. The instrument rose to 1.2730 on 29 November but is now compelled to decline due to the stabilisation of the US dollar. Despite this movement, the pound, paired […]

EURUSD, “Euro vs US Dollar” EURUSD has found a foothold under the lower boundary of the bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper boundary of the Cloud at 1.0920 is expected, followed by a decline to 1.0735. A signal confirming the decline will […]

TitleEURJPY H4 | Bearish reaction off pivot? TypeBearish Reversal Preference:Price could react to our pivot point at 161.52, which is a pullback resistance level. If price reacts bearishly, then we can expect price to fall to the 1st support at 160.67, which is an overlap support and at the 100% fibo projection. Alternative scenario:If price […]