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EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0805 is expected, followed by a rise to 1.0930. An additional signal confirming the rise might be a rebound from the lower boundary of […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have breached the 8/8 (0.8789) level on H4, exiting the overbought area. The RSI has broken the support line. In this situation, the price is expected to continue falling to the support at 6/8 (0.8667). The scenario could be cancelled by rising above the resistance at +1/8 […]

The price of Bitcoin keeps reversing. It should undergo correction soon. The asset’s price might not only gain the required support at the levels 49000 and 45500 but also dive even deeper and hit the psychological level of 40000, rebound, and rise. Hence, it would good to follow the candlestick formations next to these levels. […]

TitleNZDUSD H4 | Bearish reversal TypeBearish Reversal Preference:The price could react off the pivot at 0.62063, the overlap resistance. Then it could fall to the 1st support at 0.62587, the overlap support. Alternative scenario:Price might breakout of the pivot and rise to 1st resistance at 0.62587, the multi-swing high resistance. To discuss this trading idea, […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the 2040.00 level. Upon testing the resistance, the price could rebound from this level and continue developing the downtrend. However, the quotes might drop to […]

EURUSD, “Euro vs US Dollar” The EURUSD pair completed a growth wave structure to the 1.0823 level. Today the market has formed a consolidation range around this level and, escaping it upwards, might extend the correction to 1.0852. Once it is over, a new decline wave to 1.0774 could begin. GBPUSD, “Great Britain Pound vs […]