On the 4-hour chart, the EURCAD currency pair has formed a wedge pattern. This pattern is characterized by converging trendlines, indicating a period of consolidation and potential volatility ahead. A breakdown below the lower border of the wedge pattern, currently around 1.4535, would suggest that the downside move from 1.5042 has resumed. In such
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USDJPY Analysis – January 5, 2024
The USDJPY currency pair has experienced a significant breakthrough, surpassing the key resistance level at 144.95. This breakout indicates that the previous downward movement from 151.90 has likely concluded at 140.25. The recent price action suggests the possibility of a further rally in the coming days, with the next target set around the 146.50
USDJPY: Buyers Regain Control as Buying Pressure Mounts
<p>Get the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade</p> <p>The currency pair could soar higher as buying pressure mounts. The USDJPY may break up the $151.90 high value soon. USDJPY Weekly Price Analysis – January 5At the moment the USDJPY is making its way toward the overhead resistanc
Bitcoin (BTCUSD) Price May Rise above the $45925.82 High Mark
<p>Get the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade</p> <p>Bitcoin (BTCUSD) Price Forecast: January 5The Bitcoin (BTCUSD) price may rise above the mentioned supply level as it is about time to embark on the bullish race. The largest cryptocurrency is trying hard not to fall heavily to t
USDCHF Faces Resistance from Sell Traders
<p>Get the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade</p> <p>USDCHF Analysis – Buyers Show Determination for a Breakthrough USDCHF faces resistance from sell traders. USDCHF has encountered opposition from selling traders as they attempt to prevent the US dollar from strengthening
Dash 2 Trade (D2T/USD) Gains Momentum, Overcoming Bearish Pressure
<p>Get the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade</p> <p>In our previous D2T/USD analysis, it was anticipated that a significant number of traders might initiate buying around the $0.005 price level. Current developments in the Dash 2 Trade market align with this observation, as refle
Is 2024 the Year for Gold?
<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2024/01/05141107/Is-2024-the-Year-for-Gold.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Is-2024-the-Year-for-Gold" decoding="async" srcset="https://asset
Intraday Analysis – GBP Remains Bullish
<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2024/01/05134752/Intraday-Analysis-GBP-Remains-Bullish.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Intraday-Analysis-GBP-Remains-Bullish" decoding="async" lo
GBPJPY H4 | Bearish reversal
TitleGBPJPY H4 | Bearish reversalTypeBearish ReversalPreference:GBPJPY could rise to the pivot at 184.047, the swing-high resistance, before pulling back and falling to the 1st support at 181.86, the pullback support level.Alternative scenario:The price could break the pivot at 184.047, and rise to the 1st resistance at 184.838, the multi-swing-hig
NZDUSD H4 | Potential bullish bounce
TitleNZDUSD H4 | Potential bullish bounceTypeBullish BouncePreference:NZDUSD could bounce off the pivot at 0.62217, the multi-swing-low support, and it could rise to the 1st resistance at 0.6326, the overlap resistance level.Alternative scenario:The price could reverse to the pivot at 0.62217, and fall to the 1st support at 0.61823, the overlap sup