News
TitleDXY H4| Bounced off from 1st support TypeBullish Bounce Preference:Price has bounced off from our pivot point at 101.6207, which is multiple swing low support along with 78.6% Fibo retracement. If price were to reverse from here, it could potentially push up to the 1st resistance at 102.6303, which is a swing high resistance Alternative […]
EURUSD, “Euro vs US Dollar” The currency pair completed a link of growth to 1.0862. The market has formed a consolidation range around it. If the price breaks the range upwards, it could be extended to 1.0915. A link of correction to 1.0862 (a test from above) could develop today. Then growth to 1.0938 is […]
EURUSD started growing again on Tuesday. The current quote is 1.0890. The market looks actively interested in risks, which supports the EUR and drowns the safe USD. The PMI reports from the Eurozone and separate European countries published yesterday turned out mostly positive. The US presented similar releases. In March, the PMI in production dropped […]
On Tuesday, the dollar is struggling to rise, consolidating around the 102 level. Positive sentiment in the stock market and stress indicators in the US banking system suggest that the potential for further dollar decline is growing. For example, the Fed’s balance sheet, which has reflected bank demand for liquidity in recent weeks (due to […]
TitleEURUSD H4 | A reverse from resistance level TypeBearish Reversal Preference:Price has reversed from our pivot point at 1.09098 which is multi swing high resistance. if price were to break above it could push up to 1st resistance at 1.09642 which is another swing high resistance level. Alternative scenario:On the other hand, if price were […]
10 Tips for New Forex Traders to Improve Their Skills As a beginner in forex trading, you may be overwhelmed by the amount of information available and the complexity of the market. However, with discipline, knowledge, and practice, you can improve your Forex trading skills and become a successful trader. In this article, we will […]