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EURUSD, “Euro vs US Dollar” The currency pair goes on developing a consolidation range around 1.0830. The range could extend to 1.0860. Then we expect a decline to 1.0770. And if this level breaks as well, a pathway down to 1.0690 could open. The target is local. GBPUSD, “Great Britain Pound vs US Dollar” The […]

USDJPY, “US Dollar vs Japanese Yen” On H4, USDJPY quotes are under the 200-day Moving Average, which means the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, the level 4/8 (131.25) could break downwards, and the price could fall to the support level 2/8 (128.12). The scenario can be […]

TitleGBPUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching our pivot level of 1.23439 and could reverse from here, we could see momentum move price down to its 1st support of 1.22137. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1.24257. To discuss this trading idea, […]

TitleWTI H4| Fibonacci  Confluence TypeBearish Reversal Preference:The price is currently at our pivot level of 78.04, which coincides with an overlap resistance, the 50% Fibonacci retracement, and the 78.6% Fibonacci projection. If it drops, 1st support level is at 74.77, which also aligns with the 50% Fibonacci retracement Alternative scenario:On the other hand, if price […]

XAUUSD, “Gold vs US Dollar” Near the support level, Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the growth could be 2000.00. Upon testing the resistance, the price will get the chance to break it and continue the uptrend. However, […]

The BTC on Wednesday is balancing near 28,080 USD. The leading cryptocurrency has recovered from a crash at the beginning of the week. The market did not retreat and kept safe an important support level. This let the market return to buying fast. The quotes need to secure above 28,120-28,125 USD to reach the target […]