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TitleAUDUSD H4 | Rising into 61.8% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.63472 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.62928 which is a […]
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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the lower boundary of the Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud at 1.2155 is expected, followed by a decline to 1.1915. An additional signal confirming the decline […]
The BTC exchange rate has dropped to 34,173 USD by Friday. This is exactly as expected: the quotes have accounted for all the existing drivers, and new ones have not come. That is why the market stopped. The market looks ready to develop the scenario with a correction to 29,500 USD. After BTC reaches this […]
Safe-Haven Demand Supporting Gold Gold prices are on track to end the week higher once again as ongoing uncertainty around the conflict in the Middle East keeps safe-haven demand well-primed. News that Israel launched its largest ground offensive into Gaza to date, overnight, is keeping geo-political risk-premium at highs ahead of the weekend. With traders […]