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EURUSD increased vividly. The current quote is 1.0910. The US Federal Reserve System did not risk giving up on lifting the interest rate, and investors got disappointed: the crisis in the banking sector had been heated up exactly by the growth of the interest rate. The March meeting of the Fed closed in accordance with […]

TitleGBPUSD H4 | Potential bearish reversal TypeBearish Breakout Preference:Price is testing our pivot at 1.2319 which is an overlap support along with a 78.6% Fibo retracement. if price were to reverse, it could drop down to 1st support at 1.21945 which is an overlap support level. Alternative scenario:On the other hand, if the price breaks […]

The Fed hiked interest rate by a quarter point at yesterday’s meeting but hinted also that they keep their options open for more hikes because inflation remains significantly above the target level. The tone of the statement was clearly softer, just remember that in the February meeting, the wording regarding future rate hikes was more […]

EURUSD, “Euro vs US Dollar” With all the news, the currency pair escaped the consolidation range upwards and extended the wave to 1.0910. Today a new consolidation range might form around this level. If the price escapes downwards, a link of decline to 1.0810 might follow. And if this level as well breaks, the wave […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI pushed off the resistance line and headed downwards. In these circumstances, we should expect the price to break the level of 2/8 (0.9155) downwards and drop to the support level […]

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