Latest Market News
TitleXAUUSD H4 | Potential Bullish Reversal? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1900.434, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1916.192, an overlap resistance. Alternative scenario:However, if the price breaks below the pivot, it […]
Aussie Under Pressure The Aussie Dollar continues to linger below the .6520 level following the downside break in early August. The move lower has been laboured, on the back of the impulsive break lower we saw across July. With this in mind, the pair is perhaps vulnerable to a near-term short squeeze if we’re unable […]
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The British pound sterling, paired with the US dollar, has retreated. The current GBPUSD exchange rate stands at 1.2488. Statistics published yesterday revealed that the unemployment rate in the UK rose to 4.3% in July, in line with expectations. The previous month, the figure stood at 4.2%. Average wages in the country for the three […]
TitleUSDJPY H4 I Reacting off the resistance? TypeBearish Reversal Preference:Price is currently at our pivot point of 147.382, which serves as an overlap resistance level that aligns with 78.6% Fiob retracement. A reversal from this point could lead the price to drop to the 1st support at 146.132, representing a swing-low support level. Alternative scenario:However, […]
TitleSPX500USD H4 | Bullish bounce off 50% fibo? TypeBullish Bounce Preference:Price could bounce off from our pivot point at 4460.15, which is an overlap support level, aligning with the 50% fibo retracement. If price bounces off the pivot point, then price could potentially rise towards the 1st resistance at 4494.9, which is a swing high […]