Day: April 6, 2023

TitleXAUUSD H4 | Breakout 1st resistance TypeBearish Reversal Preference:Price is currently at our pivot point of 2025.84, which is a swing high resistance. However, given the current bullish momentum, it is possible that price could break above this level and rise towards the 1st resistance at 2054.152 Alternative scenario:However, in case of a reversal, price […]

Daily Technical Trade Setups For DXY, EURUSD & GBPUSD To access today’s actionable analysis click here! Source: Tickmill

EURUSD on Wednesday remains strong. The current quotes is 1.0950. The statistics yesterday turned out mixed. The PPI in the Euro zone in February dropped by 0.5% m/m, as expected. A month before, this index had dropped by 2.8%. The situation looks logical because we have already had several signals about a slowdown in inflation […]

TitleDER30EUR H4 | Pullback in DAX towards pivot TypeBullish Bounce Preference:Price is pulling back to our pivot level of 15460.72 and potentially bounce from here, we could see momentum carry price up to its 1st resistance of 15716.11. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 15259.39. To […]

TitleNZDUSD H4 | Strong push towards pivot TypeBearish Reversal Preference:Price is approaching our pivot level of 0.63916 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.62704. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 0.64155. To discuss this trading […]