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The Japanese yen is correcting against the US dollar on Monday. The current USDJPY exchange rate stands at 145.50. Last week was a triumph for the yen, but its victory over the USD was most likely linked to market repositioning. The JPY exchange rate climbed to highs not seen since 7 August. The catalyst for […]

TitleEURUSD H1 | Falling to support level? TypeBearish Drop Preference:Price is currently at our pivot point of 1.0764, which serves as an overlap resistance level that aligns with the 50% Fibo retracement. A reversal from this point could lead the price to drop to the 1st support at 1.07254, a swing low support level Alternative […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Doji reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3535. Next, the price might break the support and continue the downtrend. However, the quotes could correct to 1.3635 before a decline. […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test of the Kijun-Sen line at 1.0795 is expected, followed by a decline to 1.0625. The decline could be additionally supported by a rebound from the upper boundary of the bearish channel. […]

TitleEURJPY H4 | Bearish reversal? TypeBearish Drop Preference:Price is currently at our pivot point of 156.53 which serves as a pullback resistance level. A reversal from this point could lead the price to drop to the 1st support at 153.93, a swing-low support level. Alternative scenario:However, if the price breaks above the pivot, it might […]

Title:GBPUSD H4 | Bearish continuation expected? TypeBearish Drop Preference:Price is currently at our pivot point of 1,2542, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.2454, an overlap support level. Alternative scenario:However, if the price breaks above the pivot, it […]