Day: May 31, 2023

TitleNZDUSD H4 | Rising into 23.6% Fibo resistance TypeBearish Reversal Preference:Price could approach the pivot point of 0.60919 and potentially reverse from here; we could see momentum carry price down to its 1st support of 0.6024. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.61273. To discuss this […]

Fresh Fed Rate Hike Expectations A resurgence in hawkish Fed expectations for the June meeting and beyond has fuelled a sharp rally in USD over the last week. On the back of last week’s FOMC minutes, market pricing for a further hike in June has jumped to above 60%. This marks a significant shift in […]

European currencies and gold embarked on a modest upside technical pullback as discussed yesterday: In the EURUSD pair, there was a false breakdown of the horizontal support at 1.07 during the last hours of the Asian session. However, cautious buying interest emerged at the beginning of the European session, although it faded near 1.0750.  A […]

TitleUSDCHF H4 | React off resistabce level TypeBearish Reversal Preference: Price is approaching our pivot point of 0.90983 which is an overlap resistance level. A reverse from here, price could fall to 1st support at 0.90065 which id an overlap support level. Alternative scenario:However, if price breaks above the pivot, it could rally to 1st […]