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EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0635. However, the price could correct to 1.0500 and continue the uptrend after the pullback to […]
EURUSD, “Euro vs US Dollar” EURUSD has performed a corrective wave to 1.0596. Today the market continues developing a declining wave to 1.0500. After it reaches this target, a consolidation range could form around it. Escaping the range downwards, the price might open the potential for a declining wave to 1.0433. This is the first […]
TitleNZDUSD H4 | Potential bearish reversal TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.58333 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.57733 which is a swing-low overlap […]
PCE Inflation vs. CPI: The Fed’s Guiding Star The release of the Personal Consumption Expenditures (PCE) inflation report has sent ripples through the markets. PCE inflation, second in importance only to the Consumer Price Index (CPI), is closely monitored by the Federal Reserve. In September, the Core PCE, a measure that excludes volatile food and […]
TitleUSDCHF H4 | Falling to support level? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 0.8999, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 0.8951, a pullback support level. Alternative scenario:However, if the price breaks above the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a wave of decline to 1.0521. Today the quotes might correct to 1.0590. After the price reaches this level, a new wave of decline to 1.0515 could begin. This is the first target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a wave of decline […]