Day: April 28, 2023
TitleEURUSD H4 | React off resistance level TypeBearish Reversal Preference: Price is nearing our pivot at 1.10758 which is multi swing high resistance, If price were to reverse from here, it could drop to 1st support at 1.09461 which is multi swing low support level. Alternative scenario:However, if it breaks above the pivot, it could […]
Meta Shares Break Higher Shares in Facebook parent company Meta Platforms spiked after the close yesterday and are trading around 12% higher pre-market today following the release of a bumper set of earnings results for Q1. In terms of headline numbers, Meta posted Q1 EPS of $2.20, beating expectations for a $2.02 result. On revenues, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2455 is expected, followed by growth to 1.2625. An additional signal confirming the growth will be […]
EURUSD, “Euro vs US Dollar” The currency pair completed a structure of a wave of growth to 1.1094. At a certain point, the market formed a consolidation range under this level. The quotes could drop to 1.1030 today. And if this level breaks as well, a pathway down to 1.0966 could open. GBPUSD, “Great Britain […]
TitleGBPUSD H1 | Bounce off from support level TypeBullish Bounce Preference:Price is approaching our pivot point at 1.24461 which is an overlap support level that lines up with 50% Fibonacci retracement. A reverse from here it could rally to 1st resistance at 1.24958 which is swing high resistance level. Alternative scenario:However, if it breaks below […]
TitleBCOUSD H4 | Potential bounce TypeBullish Bounce Preference:Price is approaching our pivot point of 77.526 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 80.905. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 75.8. To discuss this trading idea, head […]