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EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 2/8 (1.0559) mark is expected, followed by a decline to the support at 0/8 (1.0498). The scenario can […]

TitleUSDJPY H4 | Falling to 50% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 149.423 which is an overlap support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 149.99 which is a […]

TitleGBPNZD H4 | Dropping to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 2.07574 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 2.09534 which is a swing-high resistance level. Alternative scenario:If price breaks below the […]

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