Latest Market News
Title GBPUSD H4 | Cable heading into resistance Type Bearish Reversal Preference: Price could approach the pivot point of 1.23533 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1.22811. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance of 1.2394. […]
TitleEURUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 1.07588 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 1.07069. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 1.07951. To discuss this trading idea, […]
TitleUSDCAD H4 | React off 1st resistance TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.36479, an overlap resistance level. A reverse from here, price could fall to 1st support level at 1.35596, a pullback support level. Alternative scenario:However, if price breaks above the piovt, it could rally to 1st resistance […]
TitleAUDUSD, Day | Bounce off support level TypeBearish Breakout Preference:Price has just bounced off our pivot point of 0.65012 which is a pullback support level. A reverse from here, price could rally to 1st resistance at 0.65818 which is a pullback resistance level. Alternative scenario:However, if price breaks below the pivot, it could fall to […]
The BTC exchange rate on Friday is near the 26,455 USD mark. The local low was marked at the 25,865 USD level. Thus, the BTC price is trying to get back above the resistance at 26,650 USD. At the same time, chances for a new selling wave are quite high as long as the rate […]
The market’s most traded currency pair fell even lower on Friday. The current EURUSD quote is 1.0730. Investors are gradually withdrawing from risks without constructive news on the US government debt. The debate between Democrats and Republicans continues. Under these circumstances, the US dollar is in demand as a defensive asset. News from Germany is […]