Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.0986. A consolidation range is now forming under this level. With an escape from the range downwards, the quotes might correct to 1.0936. After the correction is over, a growth wave to 1.1011 could start. This is a local target. GBPUSD, “Great Britain […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, which reveals the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a test of 3/8 (142.18) is expected, followed by a breakout from it and a decline to the support at 2/8 […]
TitleNZDUSD H4 | Bullish bounce TypeBullish Rise Preference:The price is rising to 1st resistance at 0.63055, which is the 161.8 Fibonacci extension level, from our pivot at 0.62497, an overlap support. Alternative scenario:Price could reverse and break through the pivot at 0.62497 and fall to 1st support at 0.61835, an overlap support. To discuss this […]
The US dollar demonstrated resilience, making gains against most major currencies despite ongoing retreats in Treasury yields. The EUR/USD pair stepped back from its weekly peak at 1.099 as market volatility remains subdued ahead of the winter holidays and a forthcoming US inflation report. Despite Treasury yields continuing to decrease, the 10-year note offers 3.88%, […]
The Australian dollar is noticeably appreciating against the US dollar. The current AUDUSD exchange rate stands at 0.6772. Aussie has been on the rise for six consecutive days. In November, Australia’s leading economic indicator index from MI increased by 0.1% m/m, following a zero value in October. The National Bank of China decided to keep […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Engulfing reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The correction target might be the support at 1.0915. However, the price could rise to 1.1070 and continue the uptrend without testing the support. […]
TitleEURGBP H4 | Falling to support line? TypeBearish Reversal Preference:The price is reversing from pivot at 0.86506, the overlap resistance, to the 1st support at 0.8577, a pullback support. Alternative scenario:Price could break through the overlap resistance at 0.86506 and bounce to the 1st resistance at 0.86999, also an overlap resistance. To discuss this trading […]
On Wednesday, the primary currency pair sustained gains from the previous evening. The current EURUSD exchange rate stands at 1.0970. Inflation in the eurozone is finally decreasing and is doing so with confidence. In November, the CPI dropped by 0.6% m/m, according to the final calculation. Year-on-year, inflation decreased to 2.4%, meeting expectations. A month […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2690 is expected, followed by a rise to 1.2895. An additional signal confirming the rise will be a rebound […]
TitleBullish Momentum TypeBullish Rise Preference:Price is showing a bullish momentum at the pivot point of 1.0929 and could potentially rise higher from here; we could see momentum carry price up to its 1st resistance at 1.10057 which is a multi-swing-high resistance level. Alternative scenario:If price breaks below the pivot point, it could hit the 1st […]