Category: Technial Analysis

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TitleGBPUSD H4 | Bullish bounce? TypeBullish Bounce Preference:Price could bounce off the overlap support at 1.27198 and rise to the 1st resistance at 1.27918, the swing high resistance. Alternative scenario:Price could potentially break through the pivot at 1.27198 and fall to the 1st support at 1.26271, the pullback support. To discuss this trading idea, head […]

TitleEURUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:The price could rise to pivot at 1.10057, the swing-high resistance before pulling back and falling to 1st support level at 1.08772, an overlap support. Alternative scenario: Alternatively, the price could break through the support at the pivot level, 1.10057, and rise to the 1st resistance at […]

TitleEURJPY H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot at 157.695, an overlap support and rise to 1st resistance at 159.1, which is an overlap resistance. Alternative scenario:Price could also break through the pivot at 157.695 and reverse to the 1st support at 156.459, an overlap support level. To discuss […]

Gold Hovering Near Highs Gold prices are hovering just below the 2069.41 level today as we move towards the US session. The recent correction lower found strong support into a test of the 1973.51 level with price bouncing sharply form that support. The weakness in USD currently has been a major supporting factor for gold […]

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 […]