Latest Market News
TitleXAUUSD H4 | Running into resistance TypeBearish Reversal Preference:Price could approach the pivot point of 1984.248 and potentially reverse from here; we could see momentum carry price down to its 1st support of 1955.166. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 2004.008. To discuss this trading idea, […]
ECB On Watch Next Week Looking ahead to next week, the other main focus for traders away from the Fed will be the ECB. The bank is widely expected to hike rates by a further .25%, in line with recent hawkish comments from several ECB members. Additionally, the bank is expected to signal further hikes […]
The BTC is consolidating near 26,455 USD on Friday. The flagship cryptocurrency lost 2.3% over the week. There are numerous internal triggers that are alarming investors and hindering the market from buying. For example, market players continue to be concerned about the multiple and rather aggressive claims by the US Securities and Exchange Commission (SEC) […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. The instrument is now going by the reversal signal in an ascending wave. The correction target might be 1.3410. Next, the price has a chance to rebound and continue the downtrend. However, the quotes might decline to the 1.3310 […]
TitleUSDCHF H4 | Potential bearish reversal TypeBearish Reversal Preference: Price is approaching our pivot point of 0.91175 which is pullback resistance level. A reverse from here, price could fall to 1st support at 0.90398 which is a multi swing low support. Alternative scenario: However, if price breaks above the pivot, it could reach our first […]
TitleCADJPY H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price could approach the pivot point of 104.201 and potentially reverse from here; we could see momentum carry price up to its 1st resistance of 104.92. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 103.572. To discuss this […]