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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2705 is expected, followed by a rise to 1.2825. An additional signal confirming the rise will […]

TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.61315 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.60166 which is a pullback support level. Alternative scenario:If price […]

TitleEURGBP H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot point at 0.85543, the multi-swing-low support and it might continue to rise to 1st resistance at 0.86172, the overlap resistance level which aligns with the 32.2% Fibonacci retracement. Alternative scenario:It might reverse and the 1st support at 0.85294, the swing-low support. […]

EUR Traders Brace For ECB The Euro is looking a little soft as we kick off ECB week. The bank is widely expected to offer further pushback against those calling for near-term ECB rate-cuts. Towards the end of last year, the market moved to fully price in an ECB rate cut for April in line […]

Futures Action Areas For The Week Ahead #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis with action areas defined for the trading week ahead click here, please like & share! Source: Tickmill

EURUSD, “Euro vs US Dollar” EURUSD continues developing a correction. Today the price has reached the local target of this correction at 1.0908. A decline link to 1.0880 is expected, after which a new growth link to 1.0913 is expected. Once the correction is over, a new decline link to 1.0838 might start. GBPUSD, “Great […]