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EURUSD took a break in growing on Thursday. The current quote is 1.0840. The general market attitude remains favourable: investors are taking adequately the risks around the US and European banking situation and are not avoiding deals. Meanwhile, EURUSD seems to have lost the ascending impulse. The dollar is affected negatively by the expectation that […]
The dollar index struggles to bounce back up after dropping to 102.50 level, in line with the earlier idea that the Fed is avoiding clear policy recommendations, while the ECB is showing more readiness to raise rates. This shifts the interest rate differential in the direction that works against the US currency. European indices bounced […]
TitleUS30USD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 32947.54 and potentially reverse from here, we could see momentum carry price down to its 1st support of 32227.7. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 33445.54. To discuss this trading idea, […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Shooting Star reversal pattern. Currently, the currency pair is going by the reversal signal in a descending wave. The target of the decline might be 1.3495. The price has a chance to break it and continue the downtrend. However, the price may pull […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0844. Extension of the range to the level of 1.0870 is not excluded. Next, we expect a decline to 1.0820, followed by a link of growth to 1.0844. After the price reaches this level, it could drop to 1.0800. And after […]
TitleBCOUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 80.514 and reverse from here, we could see momentum move price down to its 1st support of 76.972. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 83.401. To discuss this trading idea, head […]