Category: Technial Analysis
TitleGBPUSD Day | Bullish bounce TypeBullish Bounce Preference:GBPUSD has bounced off the pivot at 1.27669, a pullback support, and is rising to the 1st resistance at 1.29933, the swing-high resistance. Alternative scenario:The price could pullback and reverse to the 1st support at 1.26335, the swing-low support. To discuss this trading idea, head over to Tickmill […]
TitleUSDJPY H4 | Bearish breakout TypeBearish Drop Preference:USDJPY is breaking out of the pivot at 141.132, the swing-low support, and is falling to the 1st support at 138.662, also a swing-low support. Alternative scenario:The price could bounce off the swing-low support at 141.168, and rise to the 1st resistance level at 142.848, the pullback resistance. […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2765 is expected, followed by a rise to 1.2945. An additional signal confirming the rise will be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target could be the support level of 1.1080. However, the price might rise to 1.1175 and continue the uptrend without testing […]
TitleEURUSD H4 | Potential bullish breakout TypeBullish Breakout Preference:EURUSD could breakout of the pivot at 1.11381, the swing-high resistance, and the price could then rise to the 1st resistance at 1.12531, the swing-high resistance. Alternative scenario: Price could reverse from the swing-high resistance at 1.11381, and fall to the 1st support at 1.10641, the pullback […]
TitleEURJPY H4 | Breaking the support level? TypeBearish breakout Preference:EURJPY could continue with the downtrend and break the pivot at 156.201, the pullback support, the price could then fall to the 1st support level at 153.874, the multi-swing-low support. Alternative scenario:The price could rise to the 1st resistance at 158.509, the swing-high resistance. To discuss […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1111. A consolidation range is forming around this level. With a downward escape from the range, a decline wave to 1.1020 is expected. With an upward escape, a growth structure to 1.1155 is not excluded. Next, the pair might go down by the […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, in this situation, the quotes are expected to rise above 1/8 (0.8422) and later reach the resistance at 2/8 (0.8544). The scenario […]
The primary currency pair remains inclined for growth on Wednesday. The current EURUSD exchange rate stands at 1.1041. The currency market remains weak due to the festive season, within which the absence of participants is noticeable. Meanwhile, expectations regarding the US Federal Reserve’s future interest rate cuts are growing stronger. Low liquidity levels in the […]
The Australian dollar paired with the US dollar is actively on the rise. The current AUDUSD exchange rate stands at 0.6837. The current prices represent a new five-month high. The market is delighted that the cooling of US inflation has bolstered expectations for monetary easing in 2024. Such forecasts have driven up commodity prices, providing […]