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TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price could rise towards the pivot point of 0.61309 which is a pullback resistance level and potentially break above this level; we could see momentum carry price up to its 1st resistance at 0.61848 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Alternative scenario: […]
EURUSD, “Euro vs US Dollar” EURUSD has extended the consolidation range downwards to 1.0875. Today the market is forming a growth link, extending the range to 1.0913. Upon reaching this level, a new decline wave to 1.0838 could begin. This is the first target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues developing a […]
The primary currency pair continues to rise moderately on Tuesday, but overall, investors have adopted a wait-and-see attitude. The current EURUSD exchange rate stands at 1.0895. There have been few statistics so far, prompting the market to keep a close eye on the euro and speculate about the prospects of the European Central Bank’s future […]
TitleGBPJPY H4 | Rising to Fibo level TypeBullish Bounce Preference:The price is on the pivot point at 188.538, the swing-high resistance, if it breaks the pivot point price might continue to rise to 1st resistance level at 190.154, which aligns with the 61.8% Fibonacci projection level. Alternative scenario: The price could reverse from the pivot […]
TitleFalling to Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34232 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35274 which is a pullback resistance level. Alternative scenario:If price breaks below the pivot point, it […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4 near the support level. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0970. However, the quotes could drop to 1.0870 and extend the uptrend after the correction. USDJPY, […]