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The main currency pair is in a consolidation phase on Tuesday. The current EURUSD exchange rate stands at 1.0550. The beginning of the week was quiet, bringing neither news nor statistics. Nevertheless, the US dollar has retreated while the capital markets have shown interest in risk. Today could bring considerable changes. The macroeconomic calendar will […]
TitleAUDUSD H4 | Rising into confluence of Fibo resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.6385 which is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 61.8% retracement and the 61.8% projection levels; we could see momentum carry price down to its 1st support at 0.62939 […]
TitleBCOUSD H4 | Bullish bounce of 50% Fibo TypeBullish Bounce Preference:Price is falling towards the pivot point of 88.644 which is a pullback support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 91.846 which is a pullback […]
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