Category: Technial Analysis
TitleEURUSD H4 | Bouncing off support? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1.07545, which serves as a pullback support level that aligns with the 38.2% Fibo retracement. A bounce from this point could lead the price to rise to the 1st resistance at 1.08727, an overlap resistance. Alternative scenario:However, if […]
TitleAUDUSD H4 | Bullish reversal off 38.2% Fibo TypeBullish Bounce Preference: Price is falling towards the pivot point of 0.64553 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.65226 which is […]
The BTC exchange rate fell to 35,560 USD by Wednesday. From a technical standpoint, the 38,000 USD mark remains relevant for buyers in the medium term, with the next target located at 42,000 USD. For growth to resume, the market needs to maintain equilibrium within the range of 35,000-37,000 USD. Currently, a technical correction has […]
The major currency pair is holding firm, having reached ten-week peaks on Wednesday. The current EURUSD exchange rate stands at 1.0880. The market experienced significant turbulence yesterday evening, triggered by the release of US price reports. The Consumer Price Index for October turned out to be zero month-on-month compared to the forecasted rise of 0.1% […]
TitleXAUUSD H4 I Falling to support level? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1976, which serves as a pullback resistance. A reversal from this point could lead the price to drop to the 1st support at 1944, an overlapping support level. Alternative scenario:However, if the price breaks above the pivot, […]
CPI Driven Volatility Yesterday saw widespread volatility across all asset classes as traders digested the latest US inflation figures. There has been plenty of attention on the Fed recently given the wealth of Fed commentary we’ve had and the seemingly more hawkish tilt to much of it. Many Fed members, including chairman Powell, have been […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target could be 1.3780. Next, the price might break the resistance level and continue its upward movement. However, the quotes could pull back to 1.3655 […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a wide consolidation range around 1.0680. Amid the news, the market broke the range upwards and hit a local correction target of 1.0886. Today a consolidation range is expected to form below this level. Breaking it downwards, the price could start a downward movement to 1.0755 minimum. […]
TitleUSDCAD H4 | Potential bearish breakout TypeBearish Breakout Preference: Price is falling towards the pivot point of 1.36708 which is a pullback support that aligns with the 78.6% Fibonacci retracement level and could potentially break through this level; we could see momentum carry price down to its 1st support at 1.3578 which is a pullback […]
Gold Rally Continues Gold prices are trading higher through the middle of the week, spurred on by a weaker US Dollar. The greenback plunged yesterday in response to a cooler-than-forecast set of US inflation figures. US CPI was seen falling back to 3.2% YoY, down from 3.7% prior. The data has fuelled a pushback against […]