Day: December 1, 2023

Dec 01
EURJPY H4 | Bearish reaction off pivot?

TitleEURJPY H4 | Bearish reaction off pivot? TypeBearish Reversal Preference:Price could react to our pivot point at 161.52, which is a pullback resistance level. If price reacts bearishly, then we can expect price to fall to the 1st support at 160.67, which is an overlap support and at the 100% fibo projection. Alternative scenario:If price […]

Dec 01
Will OPEC Make Or Break Crude Recovery Rally?

OPEC in Focus Crude oil futures are hovering around the $78 mark today ahead of the OPEC+ meetings taking place later. The market has seen better trading over the last few days, taking advantage of a weaker US Dollar to recover some ground to the topside. Expectations of an extension (and possibly a deepening) of […]

Dec 01
Eurozone Inflation Plummets: Euro and Pound Drop Amid Elevated ECB Rate Cut Expectations

The Dollar Index rose at the beginning of the European session, gaining about 0.3% in a short period, attempting to consolidate above the 103 level. The primary surge was driven by a decline in the Euro – EURUSD depreciated by approximately 0.5%. The pair is approaching the 1.09 level, having tested the 1.10 level yesterday […]

Dec 01
GBP/USD day I Bearish reversal?

TitleGBP/USD day I Bearish reversal? TypeBearish Reversal Preference: The price is rising toward our pivot point of 1.2786, which serves as a multi-swing resistance level. A reverse from this point could lead the price to fall to the 1st support at 1.2637, a pullback support. Alternative scenario: However, if the price breaks above the pivot, […]