News
TitleEURUSD H1 | Bearish reversal TypeBearish Reversal Preference:Waiting for price to pullback to the pivot point at 1.0939 which is an overlap resistance level. A reverse from this level it could fall to to 1st support at 1.0892, a swing low support level Alternative scenario:If price breaks above the pivot, it might rise to 1st […]
EURUSD, “Euro vs US Dollar” EURUSD has found a foothold above the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.0935 is expected, followed by a decline to 1.0765. The decline could be additionally supported […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the 2070.00 level. Upon testing the resistance, the price might break it and continue developing the ascending wave. However, the quotes could correct to 2035.50 […]
The EUR/USD pair faced slight downward pressure during the European session but later recovered to the equilibrium rate of 1.0950, which has been sustained by the market since last week amid a lack of conclusive signals from the Fed or the ECB: The Dollar index (DXY) rose amidst a thin-volume trading session marked by elevated […]
TitleResistance at 38.2% Fibo TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.67278 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.66557 which is a pullback support level. Alternative scenario: […]
TitleGBPUSD M15 | Bullish bounce TypeBullish Bounce Preference:Price is falling toward the pivot point of 1.2750, a pullback support that aligns with the 38.2% Fibo retracement. A bounce from this level could lead price to rise to 1st resistance at 1.2782, a multi swing high resistance. Alternative scenario:If price breaks below the pivot, it might […]