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TitleUS30USD H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference:Price is approaching our pivot point at 34693.12, which is an overlap support level, aligning with the 38.2% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 35048.11, which is an overlap resistance level. Alternative scenario:If […]

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The Australian dollar paired with the US dollar is losing weight on Tuesday. The current AUDUSD exchange rate stands at 0.6424. The Reserve Bank of Australia, in its recent meeting, kept the interest rate unchanged at 4.1% per annum. This is the third consecutive meeting where the rate has remained stable. Markets are confident that […]

The major currency pair appears weak today, Tuesday, just as it did yesterday. The current EURUSD exchange rate stands at 1.0792. The week started quietly, as US exchanges were not trading due to the Labor Day holiday. The macroeconomic calendar did not feature a lot of economic data. In September, the Sentix Investor Confidence Index […]

TitleEURUSD H4 | Bouncing off the support level? TypeBearish Breakout Preference: The price is falling toward our pivot point of 1.07438, which serves as an overlap support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.08012, a swing-high resistance level Alternative scenario:However, if the price breaks […]