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TitleUSDCAD H4 | Falling to 23.6% Fibo support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36955 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37841 which is a swing-high […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2175 is expected, followed by a decline to 1.1955. An additional signal confirming the decline will […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.3790. Next, the price might break the resistance and continue the uptrend. However, the quotes could correct to 1.3680 before rising. AUDUSD, “Australian Dollar […]
TitleGBPJPY H4 I Reacting off resistance? TypeBearish Reversal Preference: The price is rising toward our pivot point at 181.24, which is an overlapping resistance level aligned with the 61.8% Fibonacci retracement. A reversal from this point could lead to a drop in price to the 1st support at 179.48, which is a swing-low support level. […]
TitleEURGBP H4 I Bearish continuation expected? TypeBearish Reversal Preference: The price is rising toward our pivot point at 0.86701, which is an overlapping resistance level. A reversal from this point could lead to a drop in price to the 1st support at 0.8633, which is an overlap support level. Alternative scenario: However, if the price […]
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