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TitleUSDCHF H4 | Reversing to support level? TypeBearish Reversal Preference:Price is reacting off our pivot line at 0.87631, a pullback resistance, and is falling to the 1st support at 0.86884, a swing low support Alternative scenario:Price could break the pivot line at 0.87631 and rise to the 1st resistance level at 0.88095 a pullback resistance […]

TitleNZDUSD H4 | Potential bearish breakout TypeBearish Reversal Preference:Price has broken under the pivot point of 0.61079 which is an overlap support and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 0.60158 which is a pullback support level. Alternative scenario:If price reverses from the pivot […]

Comments & Confusion USDJPY is back under offer today as volatility in the pair continues. The pair plunged almost 4% on Thursday before buyers kicked in to send the rate back up over the last two sessions. The main driver behind the whipsaw action is comments from the BOJ on monetary policy ahead of the […]

Fresh BTC Volatility Bitcoin prices appear to be stabilising on Tuesday following a more than 10% crash yesterday. The crypto space has been heating up again in recent months with an almost 70% rally off the October lows. The move higher has been largely driven by excitement around expected Bitcoin ETF approval from the SEC. […]

The Australian dollar paired with the US dollar is gaining strength on Tuesday. The current AUDUSD exchange rate stands at 0.6593. Morning statistics from Australia revealed a mixed picture. The Westpac consumer sentiment index rose by 2.7% in December, rebounding from a previous decline of 2.6%. This is good news and is likely based on […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has broken the trendline. In this situation, the price is expected to rise above 4/8 (0.6591) and later reach the resistance at 6/8 (0.6713). The scenario could be cancelled by a […]