Category: Technial Analysis

EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0575. Today a consolidation range could develop above this level. A link of growth to 1.0616 (a test from below) is not excluded, followed by a decline to 1.0556 with the trend potentially continuing to 1.0550. This is the first target. GBPUSD, […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI has broken the support line. In this situation, the price is expected to break the 2/8 (0.6408) level downwards and fall to the support at 0/8 (0.6347). The scenario can be cancelled by […]

BOE Shift Slams Pound GBP remains the weakest among the G10 FX bloc as we start the new week. Sentiment in the Pound has undergone a significant shift in recent weeks with GBP now the worst performer across Q3 as a whole. A solid downturn in inflation over recent months had seen traders scaling back […]

JPY in Focus The Japanese Yen continues to weaken across early European trading on Monday. The continued decline of the Yen is once again stoking intervention speculation. With USDJPY now trading well above the 145 level at which the BOJ intervened last year, traders are wary of possible forthcoming action from the bank. However, speaking […]

The Japanese yen in the USDJPY pair remains at a ten-month low. The current USDJPY exchange rate stands at 148.40. The Friday meeting of the Bank of Japan concluded without surprises, with the interest rate remaining at -0.10% annually. The regulator’s comments provided clear indications of its readiness to alter the monetary policy structure. Meanwhile, […]

Gold rebounded from the downtrend. Currently, it is trying to enter the supporting zone formed between levels 1900 and 1913. The asset’s price is likely to test this zone, rebound, and jump to break the downtrend and test the resistance level of 1980.   American stock index S&P500 is now testing the supporting level of […]

TitleUSDCAD H4 | Rising towards swing-high resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.35202 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.34234 which is a swing-low support level. Alternative scenario:If price breaks above the pivot […]

EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to break the 2/8 (1.0682) level downwards and fall to the support at 1/8 (1.0559). The scenario can be cancelled by breaking […]

BTC’s price has dropped to 26,181 USD. Previously, investors observed another exchange attempt to initiate a buying spree. Unfortunately, it concluded much like the previous attempts: BTC made some gains but could not maintain them at the levels reached, ultimately retracing to its initial position. From a fundamental perspective, there have been no groundbreaking developments […]

TitleEURJPY H4 | Bearish reaction off 78.6% fibo? TypeBearish Reversal Preference: Price is approaching our pivot point at 158.49, which is a multi-swing high resistance level, aligning with the 78.6% fibo projection. If price reacts bearishly, price could fall to the 1st support level at 157.16, which is a swing low support level. Alternative scenario:If […]