Day: April 1, 2023

TitleWTI H4 | Potential bearish reversal TypeBearish Reversal Preference:The price is currently at our pivot point of 79.072 which is just slightly above a 50% Fibonacci retracement level. If there is a reversal from here, it could push the price down to 1st support level at 76.462 Alternative scenario:However, If price were to break above […]

TitleEURUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 1.09324 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1.07483. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1.10332. To discuss this trading idea, […]

Brent On H4, Brent quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is testing the resistance line. In this circumstances, we expect a downward breakout of 1/8 (78.12) and falling to the support at 0/8 (75.00). The scenario can be canceled by rising above 2/8 (81.25), which […]

Daily Market Outlook, March 31, 2023 Month & Quarter End Flows Retain A Bid Tone, Could PCE Data Be A Party Pooper? Asia equity markets were mostly trading in the green as investors marked up month and quarter end, following the positive flows from Wall Street, as tech once again lead the bullish charge, with […]

TitleETHUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 1859.06 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1678.5. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1991.41. To discuss this trading idea, […]