Category: Technial Analysis

EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the resistance at 1.1015. However, the price might drop to 1.0890 and continue the uptrend after the correction. USDJPY, […]

TitleGBPUSD H4 | Potential bullish breakout TypeBullish Breakout Preference:GBPUSD could rise and break out of the pivot at 1.27616, the pullback resistance, the price could continue to rise to the 1st resistance at 1.28273, the swing-high resistance level. Alternative scenario:The price could pullback from the pivot at 1.27616, and reverse to the 1st support at […]

Dovish ECB View EURJPY remains under pressure today with the market back below the 158.50 level after a failed attempted breakout last week. The pair has been capped by the level since early December as traders continue to grapple with shifting ECB/BOJ views. Expectations that the ECB might cut rates as early as April have […]

On Tuesday, the Australian dollar, paired with the US dollar, maintains a neutral stance, although the market finds this challenging. The current AUDUSD exchange rate stands at 0.6711. January began with stress and setbacks for the AUD, primarily due to inflation statistics in Australia. The CPI slowed, fuelling speculation that the Reserve Bank might soon […]

Bitcoin Rally Continues Bitcoin prices broke out to their highest levels yesterday since early 2022. The driver behind the move is ongoing optimism ahead of the upcoming SEC deadline tomorrow. The SEC is due to decide on a batch of spot-Bitcoin ETF applications which, if approved, will grant mainstream financial institutions access to the crypto […]

Copper Fall Deepens Copper prices are coming under fresh selling pressure on Tuesday as the correction lower continues. The futures market is now down around 5% from last year’s highs as geopolitical concerns, economic worries in China and a stronger US Dollar take their toll.  Often seen as a barometer for global economic health, the […]

EURUSD, “Euro vs US Dollar” EURUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above the 4/8 (1.0986) level and reach the resistance at 5/8 (1.1047). The scenario could be cancelled by […]

On Tuesday, the primary currency pair appears neutral. The current EURUSD quote is 1.0965. The market has finally found the equilibrium point after a notably volatile first week of January. During that week, investors urgently reassessed their forecasts about the future actions of the US Federal Reserve. Statistics on the employment market for December came […]

TitleUSDCHF H4 | Bullish bounce TypeBullish Bounce Preference:The price could pull back to the pivot at 0.84541, the overlap support before bouncing off and rising to the 1st resistance level at 0.85777, the pullback resistance. Alternative scenario: USDCHF could break out of the pivot point at 0.84541, and fall to the 1st support level at […]

TitleUSDJPY H4 | Bearish reversal TypeBearish Reversal Preference:USDJPY could rise to the pivot at 144.563, the pullback resistance before reversing off to the 1st support at 141.845, the overlap support. Alternative scenario:The price could rise and break the pivot point at 144.563, and rise to the 1st resistance level at 146.48, the overlap resistance. To […]