Day: January 16, 2024

The EUR/USD pair faced slight downward pressure during the European session but later recovered to the equilibrium rate of 1.0950, which has been sustained by the market since last week amid a lack of conclusive signals from the Fed or the ECB: The Dollar index (DXY) rose amidst a thin-volume trading session marked by elevated […]

TitleResistance at 38.2% Fibo TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.67278 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.66557 which is a pullback support level. Alternative scenario: […]

TitleGBPUSD M15 | Bullish bounce TypeBullish Bounce Preference:Price is falling toward the pivot point of 1.2750, a pullback support that aligns with the 38.2% Fibo retracement. A bounce from this level could lead price to rise to 1st resistance at 1.2782, a multi swing high resistance. Alternative scenario:If price breaks below the pivot, it might […]

Futures Weekly Action Areas #ES #NQ #YM To access the weekly action areas for the trading week ahead in the emini futures markets click here You can use the levels referenced in the video for the cash market US500 USTECH & US30 by simply calculating the spread between the futures and the cash levels and […]