Category: Technial Analysis
TitleNZDUSD H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 0.62385 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.61933. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 0.6276. To discuss this trading idea, […]
Bitcoin Rallying Bitcoin prices have crossed back above $30k this week for the first time since June 2022 as the crypto rebound continues. Dwindling Fed rate-hike expectations as well as fresh demand incentives linked to recent banking sector turmoil have seen the leading crypto asset rallying firmly in recent weeks. Bitcoin futures are now up […]
Employment in the US increased by 236K in March, and unemployment decreased to 3.5%, as shown by the NFP report on Friday. Considering that a fairly strong inflation report is expected this week (forecast 0.4% MoM), the consensus forecast for the Fed’s decision at the upcoming meeting is likely to finally shift towards a 25 […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0876. Today the market is forming a consolidation range above this level. If the price escapes it upwards, a link of correction to 1.0924 is not excluded, followed by a decline to 1.0830. Breaking the range downwards, the price will […]
EURUSD on Monday remains balanced. The current quote is 1.0900. The decline in investing activities because of Good Friday and the Easter holiday let the market major keep balance. The Friday statistics from the US almost went by unnoticed by the market participants. However, they still have a chance to play this data out in […]
TitleXAUUSD H4 | A reverse in a short term TypeBullish Bounce Preference:The price is currently at our pivot point of 1990.325, which aligns with the 50% Fibonacci retracement level. If the price were to break below the pivot point, it could potentially drop down towards the 1st support level at 1976.571, which is a swing […]
TitleGBPUSD H4 | Potential reversal in the short term TypeBullish Bounce Preference:Price is currently at our pivot point of 1.23988, which is an overlap resistance level along with a 50% Fibonacci retracement level. Additionally, the price is currently trading above an ascending trendline support If there is a reversal from this point, the price could […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting after bouncing off the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0865 is expected, followed by growth to 1.1095. An additional signal confirming the decline will […]
EURUSD, “Euro vs US Dollar” On H4 near the resistance, EURUSD has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1.0860. However, the price may grow to 1.0990 and continue the uptrend without testing the support. USDJPY, […]
TitleDXY H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 102.0399 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.979. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 102.6983. To discuss this trading idea, […]