Blogs

GBPUSD H4 | Falling to support level

Forex

TitleGBPUSD H4 | Falling to support levelTypeBearish BreakoutPreference:The price could break through the pivot at 1.26297, multi-swing low support, and reverse to the 1st support at 1.2508, the pullback support level.Alternative scenario:Alternatively, the price could rise to the 1st resistance at 1.27452, the swing-high resistance from the pivot

Brent Oil at a Crossroads: Potential Price Rise Ahead?

Forex

Brent oil is testing the upper boundary of the downtrend, trying to form a shooting star. The price of this asset might either rebound from the downtrend and gain the required support at the level of 71.50 or break the downtrend and rise. So, let’s observe which scenario is going to work out.The daily chart […]

USDCHF H4 | Bounce off 61.8% Fibo Projection

Forex

TitleUSDCHF H4 | Bounce off 61.8% Fibo ProjectionTypeBullish BouncePreference:USDCHF could bounce off the pivot at 0.85961, a pullback resistance, which also aligns with the 61.8% projection level, and rise to the 1st resistance level at 0.8708, the swing-high resistance level.Alternative scenario:Price could break the pivot and 61.8% projection le

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