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TitleEURUSD H4 | React off 38.2% TypeBearish Reversal Preference: Price is currently at our pivot point of 1.09038 which aligns with a 38.2% Fibo retracement. A reverse from here, price could fall to 1st support at 1.08497 which is an overlap support. Alternative scenario: However, if price breaks above the pivot, It could rally to […]

The Australian dollar is consolidating after a crash against the US dollar. The current AUDUSD quote is 0.6685. After the decisive steps made by the RBA, investors are pausing to sort out their portfolios and calm down their nerves. All the important statistics have already been published, so it is time to account for it […]

Bitcoin has tested the resistance at the level of 31000 without breaking it. The asset’s price is likely to rebound and drop. However, it would be wise to observe the candlestick formations because the asset might still break this level through and jump. So, let’s see what might happen next. Gold is heading down, it […]

Hunt to Meet UK Industry Leaders The Chancellor of the Exchequer Jeremy Hunt is due to meet with industry leaders in the UK this week in a bid to establish how government and industry can work together to tackle inflation. The meetings come on the back of PM Rishi Sunak warning that the government will […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 3/8 (1.0925) and thus reach the resistance level of 4/8 (1.0986). The scenario can be cancelled […]

The BTC exchange rate is about 30,250 USD on Monday. Over the past 24 hours, the flagship cryptocurrency has been moderately declining. However, it has gained about 14.5% within a week. The last week was victorious for BTC as the leading cryptocurrency saw the most significant weekly result since March of this year. The weekly […]