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TitleEURJPY H4 | Bounced off support line TypeBullish Bounce Preference:The price has bounce off the pivot point at 154.606, the pullback support level and is rising towards the 1st resistance level at 157.518, multi-swing-high resistance level. Alternative scenario:Price could break through the pivot line at 154.606 and reverse to the 1st support line at 152.21, […]

TitleNZDUSD Day | Potential bearish reversal? TypeBearish Reversal Preference:Price is reacting off our pivot line at 0.62388, pullback resistance and could reverse to the 1st support line at 0.61059, the pullback support. Alternative scenario: The price could breakthrough the pivot at 0.62388 and rise to 1st resistance level at 0.63071, the swing-high resistance.. To discuss […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a correction to 1.0889. A growth link to 1.0949 is expected today. Practically, a consolidation range is forming around 1.0950. With an escape from the range upwards, the quotes could rise to 1.1050. With a downward escape, the potential for a price decline to 1.0770 might open. […]

EURUSD, “Euro vs US Dollar” EURUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is nearing the support line. In this situation, a test of 1/8 (1.0864) is expected, followed by a rebound from this level and a price rise to the resistance at 2/8 (1.0986). […]

USD Stays Down The US Dollar remains under pressure as we commence the final full trading week of 2023. Last week, the Fed’s signal that rates will be cut next year acted as confirmation for those who have speculated over the likelihood of such a shift across recent months. On the back of the meeting, […]

TitlePotential bearish reaction off pullback resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 77.855 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 72.067 which is a multi-swing-low support […]