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TitleBCOUSD H4 | Resistance overhead TypeBearish Reversal Preference: Price could approach the pivot point of 78.403 and potentially reverse from here; we could see momentum carry price down to its 1st support of 75.276. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 80.677. To discuss this trading idea, […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to the 1.0674 level. Today the market is correcting this declining wave, with the correction possible to the 1.0727 level. After it is over, a decline to the 1.0666 level could follow. GBPUSD, “Great Britain Pound vs US Dollar” The currency […]

The Australian dollar is in a real rally against the US dollar. The current AUDUSD quote is 0.6658. The Reserve Bank of Australia at the meeting on Tuesday unexpectedly raised the interest rate by 25 basis points, which was a total surprise for the market. The rate now stands at 4.1% per annum. This is […]

Lowe Lifts Off Again The RBA caught markets by surprise once again last night as it lifted its headline cash rate by a further .25% from 3.85% to 4.10%. The move marks the second such unexpected hike from the bank, with the majority of analysts polled ahead of the meeting expecting no change whatsoever. The […]

TitleUSDCAD H4 | Bounce from overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 1.33956 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 1.34604. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.33405. To discuss this […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2400 is expected, followed by a rise to 1.2625. An additional signal confirming the rise will be […]