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AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes and the RSI on H4 are in their respective oversold areas. In this situation, a rebound from -1/8 (0.6317) could be expected, followed by a rise to the resistance at 1/8 (0.6378). The scenario can be cancelled by a rebound from -1/8 (0.6317). In this case, the […]

USDCHF Pushing On Following a brief correction lower, USDCHF is pushing higher again today. The rally comes on the back of the latest Swiss inflation data which showed that CPI contracted 0.1% last month, down from 0.2% the prior month and below the 0% the market was looking for. The drop in inflation suggests that […]

DXY Breaking Out The US Dollar continues to March higher on Tuesday with DXY now at its highest level in a year. The rally is being fuelled by a relentless rise in yields on the back of the Fed’s recent tightening signal. At the September FOMC meeting, the Fed warned that rates would likely need […]

EURUSD, “Euro vs US Dollar” EURUSD has made a descending movement to 1.0500. By now, the market has formed a consolidation range and, escaping it downwards, continues developing the wave by the trend to 1.0408. Upon reaching this level, a link of correction to 1.0500 (with a test from below) is not excluded. Next, a […]

EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0545 is expected, followed by a decline to 1.0335. An additional signal confirming the decline will be a rebound from the upper boundary of […]

TitleUSDCAD H4 | Reacting off resistance level? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 1.36905, which serves as a swing-high resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.36319, a pullback support level. Alternative scenario:However, if the price breaks above the […]