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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Kijun-Sen line at 1.2645 is expected, followed by a decline to 1.2460. An additional signal confirming the decline will be a rebound from the upper […]

TitleEURUSD H4 | Bearish continuation Expected? TypeBearish Reversal Preference: Price has just fallen from our pivot point of 1.08376 which is an overlap resistance level. A reverse from here, price can fall to 1st support at 1.07763 Alternative scenario: However, if price breaks above the pivot, it could rise to 1st resistance at 1.09014 which […]

AUD Firmer on Tuesday The Aussie Dollar is starting the week on a slightly firmer footing. Following the breakdown below the .6520 level in the middle of the month the sell off has since stalled with the pair consolidating below the level for now. On the back of the heavy decline from the .6857 level […]

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USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Harami reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 1.3550. Next, the price might rebound from the support level and continue the uptrend. However, the quotes could rise to 1.3660 without […]

EURUSD, “Euro vs US Dollar” EURUSD are approaching the oversold area. The RSI is testing the resistance line. In this situation, a test of 0/8 (1.0742) is expected, followed by a rebound from this level and a rise to the resistance at 2/8 (1.0864). The scenario can be cancelled by a downward breakout of the […]