Latest Market News

TitleDAX, H1 | Could we see a short term reversal? TypeBearish Reversal Preference:We’re seeing price rise towards a strong multi-swing high resistance at 15502  – price seems to have reacted off this level multiple times in the past. If a reversal occurs here, we could see prices drop down to our 1st support at 15412 […]

Daily Technical Trade Setups for DXY, EURUSD & FTSE To access today’s actionable analysis, click here! Source: Tickmill

BRENT On H4, the quotes have broken through the 200-day Moving Average and are now above it, revealing possible development of an uptrend. The RSI is testing the support level. As a result, we are to expect an upward breakaway of 6/8 (84.38), followed by growth to the resistance level of 8/8 (87.50). The scenario […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Shooting Star reversal pattern. The instrument is now going by the signal in a descending wave. The target of the correction might be 1.3535; later the price might push off it and continue growing. However, the price may rise to 1.3655 without […]

Bitcoin has approached the uptrend. Now, the asset is trying to form an engulfing. Bitcoin is likely to face resistance at the level of 25500, break this level, and jump. It would be interesting to observe the price movements below this level to understand what is about to happen next. Silver has approached a very […]

Title DXY, H4 | Potential reversal from key resistance Type Bearish Reversal Preference: Price is testing our pivot at 104.22 which is an overlap resistance. Reversing from here could see it drop to our 1st support at 103.45 which lines up with our 38.2% Fibonacci retracement. It’s worth noting that price has recently broken our […]