Category: Technial Analysis
TitleGBPUSD H4 | Reacting off swing high? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.2224, which serves as a swing-high resistance level aligning with the 127.2% Fibonacci extension. A reversal from this point could lead to a price drop to the 1st support at 1.2174, an overlapping support level. Alternative scenario:However, […]
The Australian dollar, paired with the US dollar, has reached a three-week high. The current AUDUSD exchange rate stands at 0.6422. The Aussie managed to recover after the US Federal Reserve kept the interest rate unchanged at 5.50% per annum for the second consecutive time. The market’s reasoning is as follows: US interest rates have […]
The primary currency pair remains in equilibrium on Thursday. The current EURUSD exchange rate stands at 1.0599. So, the US Federal Reserve held a meeting where it made all the necessary monetary decisions. The interest rate remained at 5.50% per annum, as expected. However, the comments of the Fed Chair Jerome Powell did not come […]
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TitleUSDCHF H4 | Bouncing off 61.8%? TypeBullish Bounce Preference:The price is falling toward our pivot point of 0.89824, which serves as a pullback support level that aligns with the 61.8% Fibo retracement. A bounce from this point could lead the price to rise to the 1st resistance at 0.90948 Alternative scenario:However, if the price breaks […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has found a foothold above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Tenkan-Sen line at 0.6385 is expected, followed by growth to 0.6535. An additional signal confirming the rise could be a […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. The RSI is testing the support line. In this situation, a rebound from 4/8 (0.9033) is expected, followed by a price rise to the resistance at 6/8 (0.9155). The scenario can be […]
TitleUS30USD H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference: Price could rise to our pivot point at 33535.9, which is a pullback resistance level, slightly above the 61.8% fibo retracement. If price manages to reach our pivot point and reacts bearishly, then we can expect price to fall to the 1st support at […]
Apple Earnings Due Away from the central bank action we’re seeing this week, US earnings season is still rolling on and attention today will be on tech giant Apple. The group is due to report Q3 earnings at the close and traders will be keen to see whether the firm can break the recent trend […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a declining wave to 1.0516. By now, it has also performed a rising impulse to 1.0565. A consolidation range has formed around this level, and with an escape upwards the market extends a structure of growth to 1.0616. Upon reaching this level, the quotes might drop to […]