Category: Technial Analysis
TitleUSDCAD H4 | Bearish breakout TypeBearish Reversal Preference:USDCAD could continue with the downward momentum and breakout of the pivot at 1.3263, an overlap support, and price reversing to the 1st support at 1.30984, the overlap support. Alternative scenario:Price could bounce off the pivot at 1.3263, and rise to the 1st resistance level at 1.3363. the […]
TitleNZDUSD H4 | Bouncing off support line TypeBullish Bounce Preference:Price has bounced off the pivot at 0.62747, an overlap support, and is rising towards the 1st resistance, the swing-high resistance. Alternative scenario:NZDUSD could pull back from the pivot at 0.62747, and the price could fall to the 1st support at 0.62392, the overlap support level. […]
The main currency pair on Tuesday is growing. The current EURUSD exchange rate stands at 1.1023. The macroeconomic calendar is blank, apart from minor reports. There are no other developments either because the Catholic World partially continues its Christmas celebrations, and certain markets remain closed. The week before New Year is virtuous in its calmness. […]
The Japanese yen paired with the US dollar is stable on Tuesday. The current USDJPY exchange rate stands at 142.22. According to Kazuo Ueda, the Bank of Japan’s governor, the regulator will consider a shift away from monetary easing when control over inflation is ensured. If a virtuous cycle between wages and prices intensifies, and […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hanging Man reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 2040.00. Upon testing the support, the price could rebound from this level and continue developing the uptrend. However, the price might rise to 2085.00 […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are nearing the overbought area on H4. A divergence formed on the RSI. In this situation, a test of 8/8 (0.6835) is expected, followed by a rebound from this level and a decline to the support at 5/8 (0.6652). The scenario could be cancelled by rising above […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a growth wave to 1.1040. Upon reaching this level, the quotes might form a corrective link to 1.0986 (a test from above). Next, a rise to 1.1055 is expected, possibly followed by a new decline wave to 1.0888. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD could […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2670 is expected, followed by a rise to 1.2865. An additional signal […]
The British pound sterling paired with the US dollar appears stable. The current GBPUSD exchange rate stands at 1.2697. Last Friday, the UK provided updates on another estimate of the country’s Q3 GDP. The economy expanded by 0.3% y/y, marking twice as weak a result as expected. On a quarterly basis, the GDP decreased by […]
The main currency pair on Monday looks confident. The current EURUSD exchange rate stands at 1.1000. Practically, all the important statistics have already been published. The market has several details to wait for, but everything critical to happen in 2023 has happened. Friday reports from the US came out positive but there were several moments […]