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USDCAD, “US Dollar vs Canadian Dollar” USDCAD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.3530 is expected, followed by a decline to 1.3345. An additional signal confirming the decline will be a rebound from […]

EURUSD, “Euro vs US Dollar” The currency pair completed a declining wave to 1.0985. Today the market has performed a link of growth to 1.1044. A consolidation range is forming around this level at the moment. If the price escapes the range upwards, it may rise to 1.1077. If the range breaks downwards, the potential […]

Traders Brace For ECB Today’s ECB meeting holds the potential to create plenty of fireworks. On the back of the Fed signalling a pause along with yesterday’s .25% hike, the ECB is expected to push ahead with its own .25% hike. However, the bank is expected to retain a more hawkish tone than the Fed […]

The price of the currency pair EUR/USD keeps moving within the resistance area formed between the levels 1.1000 and 1.1075. Let’s observe when the asset price will exit this zone and make the next move. Bitcoin is undergoing correction towards the supporting level of 25200. It would be interesting to follow the price movements around […]

TitleGBPUSD H4 | Potential bounce off support TypeBullish Bounce Preference: Price is approaching our pivot point of 1.25417 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.25928. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.24969.. To discuss this […]

EURJPY Correction EURJPY is at a critical juncture ahead of the ECB meeting today. Following a breakout above the 148.37 level last week, price has since reversed from highs above 152 and is now retesting the breakout area. JPY has gained firmly over recent days amidst the downturn in risk appetite ahead of the FOMC […]