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TitleEURUSD M15 | Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point at 1.0935 , a multi swing high resistance, A reverse from this point, could lead the price to fall to 1st support at 1.0994, a multi swing low support level Alternative scenario: If price breaks above the pivot, it might rise […]

TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price has just reversed off the pivot point of 184.063 which is a multi-swing-high resistance  level and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 181.902 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. […]

EURUSD, “Euro vs US Dollar” EURUSD continues forming a consolidation range around 1.0944 without any obvious trend. With an escape from the range upwards, a correction could develop to 1.1010. With a downward escape, the potential for a decline wave to 1.0733 might open. This is the first target. GBPUSD, “Great Britain Pound vs US […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the resistance at 1.1015. However, the price might drop to 1.0890 and continue the uptrend after the correction. USDJPY, […]

TitleGBPUSD H4 | Potential bullish breakout TypeBullish Breakout Preference:GBPUSD could rise and break out of the pivot at 1.27616, the pullback resistance, the price could continue to rise to the 1st resistance at 1.28273, the swing-high resistance level. Alternative scenario:The price could pullback from the pivot at 1.27616, and reverse to the 1st support at […]

Dovish ECB View EURJPY remains under pressure today with the market back below the 158.50 level after a failed attempted breakout last week. The pair has been capped by the level since early December as traders continue to grapple with shifting ECB/BOJ views. Expectations that the ECB might cut rates as early as April have […]