Latest Market News
XAUUSD, “Gold vs US Dollar” Near the resistance level, the instrument has formed a Harami reversal pattern. The quotes are currently going by the reversal signal in a descending wave. The correction target could be 2015.00. After testing the support, the price could get a chance to rebound from it and go on by the […]
EUR Longs Overextended The latest CFTC COT institutional positioning data shows that EUR traders continued to add to longs in the week ending May 2nd. With this latest increase, EUR is the most overbought of the G10 pack. Indeed, despite longs being increased last week, price action shows a loss of upside momentum suggesting risks […]
TitleUS30USD H4 | Dropping to support TypeBullish Bounce Preference:Price could approach the pivot point of 33292.68 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 33803.46. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 33039.15. To discuss this trading idea, […]
TitleUSDCHF H1 | React off 61.8% TypeBearish Reversal Preference:Price is approaching our pivot at 0.893 which is a pullback resistance level that lines up with 61.8% Fibonacci retracement. A reverse from here, price could drop to 1st support at 0.88873 which is a swing low support level Alternative scenario:However, if price breaks above the pivot, […]
TitleNZDUSD H4 | Falling to pivot point TypeBullish bounce Preference:Price is falling to our pivot point at 0.63114 which is a pullback support level. A bounce from here, price could push up to 1st resistance at 0.6352 which is just before a swing high resistance Alternative scenario:However, if price breaks below the pivot, it could […]
Binance Issues Impact BTC Bitcoin prices have stabilised over early European trading on Tuesday following heavy price falls in recent sessions. The selling comes in response to news that Binance, the largest crypto exchange, was seen temporarily freezing Bitcoin withdrawals twice over the weekend. The action was taken in response to heavy volumes and surging […]