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EURUSD, “Euro vs US Dollar” The currency pair has broken the high of the consolidation range and might extend it to 1.1288. After they reach this level, the quotes could drop to 1.1200. And if this level also breaks downwards, the potential for a wave of decline to 1.1000 could open. GBPUSD, “Great Britain Pound […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is testing the support line. In these circumstances, the price is expected to break the 8/8 (0.6835) level and continue growing to the resistance level of +2/8 (0.6658). The scenario can […]
TitleNZDUSD H4 | Approaching pullback support TypeBullish Reversal Preference: Price is falling towards the pivot point of 0.62973 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.63785. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.62413. To discuss […]
The US stock market closed in the green on Monday, helping to stabilize sentiment on Tuesday. The decision regarding the rebalancing of the Nasdaq index had no unexpected consequences, which itself served as a positive signal for the market. Negative concerns arising from the Chinese data (GDP below forecasts) were mitigated by the manufacturing sector […]
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