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TitleGBPJPY H4 | Bullish breakout to the upside TypeBullish Breakout Preference:Price is approaching the pivot point of 176.927 and could potentially break out of this level; we could see momentum carry price up to its 1st resistance of 178.116. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 175.479. […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, revealing the prevalence of an uptrend. The RSI is testing the support line. In this situation, the price is expected to rise above 7/8 (0.6774) and later reach the resistance level of 8/8 (0.6835). The scenario can be cancelled […]

The market’s most traded currency pair is full of expectations on Wednesday. The current EURUSD quote is 1.0780. The two-day meeting of the US Federal Reserve System will end tonight. Monetary policymakers are likely to decide to pause the series of interest rate increases for the first time in 15 months. At the same time, […]

TitleDE30EUR H4 | Bearish reversal from all-time highs TypeBearish Reversal Preference: Price is rising towards the pivot point of 16301.07 and could potentially reverse from here; we could see momentum carry price up/down to its 1st support of 16108.32. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance of […]

BTC Unable to Rally Crypto bulls’ frustration continues this week. While other risk assets are breaking out in line with downgraded Fed rate hike projections, Bitcoin and other leading crypto assets are still stuck in a rut. The issue for crypto currently is the latest wave of negative news to hit the sector. The US […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0745 is expected, followed by a rise to 1.0905. An additional signal confirming the rise will be a rebound from the lower […]