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Day: July 29, 2023

Jul 29
BCOUSD H4 | Potential reversal off Fibo confluence?

TitleBCOUSD H4 | Potential reversal off Fibo confluence? TypeBearish Reversal Preference:Price is rising towards the pivot point of 84.288 which is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% Projection levels and could potentially reverse from here; we could see momentum carry price down to […]

Jul 29
EURUSD H4 } Potential bullish reversal?

TitleEURUSD H4 } Potential bullish reversal? TypeBullish Bounce Preference: Price is currently at out pivot point of 1.09413 which is a pullback support level that aligns with 78.6% Fibo retracement. A bounce off from here, price could push up to 1st resistance at 1.10136 which is a pullback support level. Alternative scenario:However, if price breaks […]

Jul 29
BOJ Lays The Groundwork For Tightening

Subtle Shifts From BOJ The Bank of Japan meeting earlier this morning was a very interesting affair altogether, and for those who rose early/or stayed up late, we were treated to plenty of volatility. While no policy adjustments were made, there were some noteworthy tweaks in operations which caused a storm. As expected, the BOJ […]