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EURUSD, “Euro vs US Dollar” EURUSD is forming a movement to 1.0894 inside a decline wave today. Upon reaching this level, the pair could form a growth link to 1.0929. Practically, a wide consolidation range is emerging around this level. The market could try to extend the range to 1.0990. Next, the quotes might drop […]

TitleEURUSD H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference: Price could fall to our pivot point at 1.0885, which is a pullback support level, aligning with the 23.6% fibo retracement and 100% fibo projection. If price bounces off the pivot point, then price could rise towards the 1st resistance at 1.0960, which is […]

Lagarde Warns Over Inflation Risks EURUSD is trading lower through the middle of the week having reversed sharply from yesterday’s highs around the 1.0960 mark. The reversal comes despite ECB’s Lagarde warning yesterday that the bank was not yet done with its fight against inflation, signalling that further tightening might still be needed.  Lagarde’s comments […]

TitleUSDJPY H4 | Bearish continuation off 23.6% fibo? TypeBearish Reversal Preference: Price could rise up towards our pivot point at 148.15, which is a pullback resistance level, aligning with the 23.6% fibo retracement. We can expect price to reject this pivot point, and fall towards our 1st support at 147.33, which is a multi-swing low […]

The dollar index continues its search for lows this week; however, seller activity has diminished as the market overall remains relaxed, given that this week marks Thanksgiving in the United States: It is worth noting that the price has dropped below all three key moving averages (50, 100 and 200-day), increasing the likelihood of a […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. However, a divergence has formed on the RSI. As a result, a test of 4/8 (0.6591) is expected, followed by a rebound from this level and a decline to the support at […]