News
Gold rebounded from the downtrend. Currently, it is trying to enter the supporting zone formed between levels 1900 and 1913. The asset’s price is likely to test this zone, rebound, and jump to break the downtrend and test the resistance level of 1980. American stock index S&P500 is now testing the supporting level of […]
TitleUSDCAD H4 | Rising towards swing-high resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.35202 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.34234 which is a swing-low support level. Alternative scenario:If price breaks above the pivot […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to break the 2/8 (1.0682) level downwards and fall to the support at 1/8 (1.0559). The scenario can be cancelled by breaking […]
BTC’s price has dropped to 26,181 USD. Previously, investors observed another exchange attempt to initiate a buying spree. Unfortunately, it concluded much like the previous attempts: BTC made some gains but could not maintain them at the levels reached, ultimately retracing to its initial position. From a fundamental perspective, there have been no groundbreaking developments […]
TitleEURJPY H4 | Bearish reaction off 78.6% fibo? TypeBearish Reversal Preference: Price is approaching our pivot point at 158.49, which is a multi-swing high resistance level, aligning with the 78.6% fibo projection. If price reacts bearishly, price could fall to the 1st support level at 157.16, which is a swing low support level. Alternative scenario:If […]
The new week has kicked off with an unexpected twist for US long-term Treasury bond holders. Amidst a fresh sell-off on Monday, yields on 10-year Treasury bonds surged past 4.5%, setting a new high. Short-term bonds, however, didn’t experience the same level of pressure, with the yield on two-year bonds retreating slightly from its recent […]