Latest Market News
TitleNZDUSD H4 | Bearish reversal TypeBearish Reversal Preference: Price is approaching our pivot point of 0.62621 which is an overlap resistance level. A reverse from her price could fall to 1st support at 0.62076 which is a swing low support level. Alternative scenario:However, If price breaks above the pivot, price could rally to 1st resistance […]
The BTC rate on Friday remains near 26,930 USD. The weekly growth is 2.5%. The lack of consensus between the US Congress and the White House on the public debt issue is making investors cautious. As the correlation between the Nasdaq and S&P 500 indices and the BTC is restored, everything happening in the US […]
The Japanese yen paired with the US dollar has accelerated the pace of devaluation. The current quote is 138.17. The yen was declining faster but fresh price statistics stopped its fall. For example, annual inflation in Japan increased by 3.5% in April from 3.2% a month before. The CPI rose by 0.6% m/m after growing […]
TitleBCOUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 77.969 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 73.523. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 80.786. To discuss this trading idea, […]
TitleBTCUSD H4 | Falling to support TypeBullish Bounce Preference:Price could approach the pivot point of 26577.94 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28171.06. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 25785.98. To discuss this trading idea, […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be 1.3410. Next, the price will have a chance to break the support and continue the downtrend. However, a correction to 1.3550 […]