Day: August 19, 2023

TitleCADJPY H4 | Bullish bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is falling towards the pivot point of 106.887 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 107.684 which is an […]

BTC dropped to 26,260 USD by Friday. The weekly decline amounts to 10.6%, with the main drop occurring within the last 24 hours. Amidst the bearish seasonal cycle, there was enough spark to ignite a fire. The spark was initiated by the publication in Bitcoin Magazine, reporting that Space X had sold all its bitcoins […]

The Australian dollar, paired with the US dollar, has ceased its decline but remains in a weakened position. The current AUDUSD exchange rate stands at 0.6398. The day before, AUD reached its lowest point in 9 months. Some stabilisation in AUD sentiment can be attributed to the actions of China’s Central Bank. Yesterday, the regulator […]

TitleAUDJPY H4 | Potential bearish breakout? TypeBearish Breakout Preference: Price is falling towards the pivot point of 93.036 which is an overlap support and could potentially break through this level; we could see momentum carry price down to its 1st support at 92.297 which is a major swing-low support. Wait for downside confirmation to provide […]

TitleGBPJPY H4 | Potential Bullish Bounce off 23.6% Fibo? TypeBullish Bounce Preference:Price has reversed from the previous bullish run, and could become bearish in the long run. If price reaches our pivot point at 183.9, we could see a bullish bounce off the 23.6% fibo retracement level. Price could head towards the 1st resistance level […]