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The market outlook for the approaching week encompasses several key events, including notable speeches, economic data releases, and the ongoing trajectory of Brent oil prices. Here’s a breakdown of what to expect: US Federal Reserve Updates The week kicks off with an insightful speech by Michelle Bowman, the esteemed governor of the US Federal Reserve, […]
TitleDE30EUR H4 | Bullish reversal off pivot? TypeBullish Bounce Preference:Price is approaching our pivot point at 15786.68, which is at the multi-swing low support. If price rejects this area, price could potentially head towards the 1st resistance at 15996.01, which is slightly above the 23.6% fibo retracement. Alternative scenario:If price breaks below the pivot, then […]
TitleAUDUSD H4 | Bullish reversal off pivot? TypeBullish Bounce Preference: Price is approaching our pivot point at 0.6515, which is at a swing low support level. If price rejects this swing low support, we could expect price to rise to the 1st resistance, at 0.6599, which is an overlap resistance and at the 38.2% fibo […]
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EURUSD, “Euro vs US Dollar” EURUSD has formed an Inverted Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance level at 1.1070. However, the price could correct to 1.0940 and continue its upward movement after […]