TitleNZDUSD H4 | Heading into resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.59341 which is a pullback resistance that aligns cloe to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.58815 which is a pullback support […]
TitleSPX500USD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could potentially fall to our pivot point at 4315.6, which is an overlap support level and slightly above the 50% fibo retracement. If price bounces off our pivot point, then price could rise towards the 1st resistance at 4367.1, which is a swing high […]
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The BTC exchange rate surged to 27,244 USD on Monday. There is a belief that the current positive sentiment around BTC is related to the seasonal growth factor. While this viewpoint should be approached with caution, it should not be dismissed entirely. The market’s focus is on at least two external factors: the Federal Reserve’s […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the upper boundary of the Cloud at 1.0565 is expected, followed by a decline to 1.0365. An additional signal confirming the decline will be a rebound from the […]