Category: Technial Analysis
TitleGBPUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 1.23437 and reverse from here, we could see momentum move price down to its 1st support of 1.22086 Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1.23987. To discuss this trading idea, head […]
TitleEURUSD H4 | Potential reversal from 38.2% TypeBullish Bounce Preference:The current price is at the pivot point of 1.07629, which is an overlap support level and is slightly below the 38.2% Fibonacci retracement level. If the price were to reverse from this level, it could potentially rise towards the first resistance at 1.0838, which is […]
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News related to Deutsche Bank shook financial markets on Friday, but the trend on Monday suggests that the market overreacted with panic: SPX futures topped 4000 points and gold fell by more than 1.5%. Shares of American banks, which are probably some of the best proxies for broad market volatility, bounced back in pre-market trading, […]
EURUSD, “Euro vs US Dollar” The currency pair has performed an impulse of decline to 1.0723. Today a link of growth might develop to 1.0810, followed by a decline to 1.0686. The target is first. After that, growth to 1.0810 is possible. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a […]
On Monday, the BTC is balancing near 27,827 USD. The impulse to grow had to be postponed as the market failed to manage the resistance and took a step back. Meanwhile, the BTC can still easily break through 29,000-30,000 USD, from where it can successfully attack 35,000 USD. The support level is at 26,500 USD, […]
On Monday, EURUSD is neutral. The current quote is 1.0760. Market moods look moderate. The fears that the banking crisis will gain force that were topical on Friday have faded into background. The crash of the stock of the main German bank earlier made investors avoid risks. The week is beginning calmly, but later there […]
Euro is undergoing a correction, heading down, and targeting the uptrend and supporting level of 1.0500. The asset might potentially pull back from the crossing point of this uptrend and supporting level and jump. Euro might also eventually hit the level of 1.1000. Time will tell what will happen next. Brent oil keeps testing the […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Hammer reversal pattern. Currently, the currency pair is going by the reversal signal in an ascending wave. The target of the growth might be 1.3810; later the price might break it and continue the uptrend. However, the price might pull back to 1.3695 […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the resistance line. In such circumstances, we should expect the price to rise above 5/8 (1.0803) and increase to the resistance level of 6/8 (1.0864). The scenario can be canceled […]