Day: May 30, 2023

TitleUSDCAD H4 | Bounce off 50% Fibo TypeBullish Bounce Preference: Price is dropping to our pivot point of 1.35619 which is a pullback support that aligns with a 50% Fibonacci retracement. A bounce  from here, price could rally to 1st resistance at 1.36406 Alternative scenario:However, if price were to break below the pivot, it could […]

The United States economy continues to impress skeptics, as robust consumer spending and tight jobs market remain two key driving forces behind persistently high inflation. With this trend, it is increasingly likely that the Federal Reserve hawks will gain influence. If the ongoing debt ceiling issue is resolved favorably and the upcoming job numbers on […]

TitleBTCUSD H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 27499.07 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28313.45. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 27077.23. To discuss […]