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USDJPY, “US Dollar vs Japanese Yen” The USDJPY quotes have broken the 0/8 (146.87) level on H4, exiting the oversold area. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 1/8 (147.65) and reach the resistance at 2/8 (148.43). The scenario could be cancelled by a […]

USD Recovery Continues The US Dollar has seen better demand over recent sessions with the Dollar Index posting a small recovery for now. With a slew of data to come this week, starting with ISM data later today and culminating with jobs data on Friday, there is plenty of volatility risk to monitor this week. […]

Stocks Pause at Highs US stocks are softening from the week’s highs as we head into the US open on Tuesday. Following a solid rally off the October lows which saw the S&P gaining more than 12%, the move has stalled into a test of the YTD highs at 4602.90. The shift in trader’s expectations […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, which reveals the prevalence of an uptrend. The RSI is approaching the oversold area. In this situation, a test of 3/8 (0.6530) is expected, followed by a rebound from this level and a rise to the resistance at 5/8 […]

TitleAUDUSD H4 | Bullish bounce off pivot point? TypeBullish bounce  Preference:The price is falling to the pivot point at 0.65699, an overlap support and could bounce off and rise towards the 1st resistance level at 0.66755, a multi-swing-high resistance. Alternative scenario:The price could break though our pivot point at 0.65699, an overlap support and fall […]

TitleNZDUSD H4 | Falling to 61.8% Fibo TypeBearish Drop Preference: The price is falling from our pivot point of 0.615,  A reversal from this point could lead the price to drop to the 1st support at 0.6081, an overlap support level that aligns with the 61.6% Fibo retracement. Alternative scenario: However, if the price breaks […]