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EURUSD, “Euro vs US Dollar” EURUSD is pushing off the signal lines of the indicator. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower border of the Cloud at 1.0965 is expected, followed by growth to 1.1205. A signal confirming the growth will be a rebound from […]

TitleUS30USD H4 | Bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 33644.74 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 34112.12. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 33329.16. To discuss this trading […]

TitleUSDCAD H4 | Potential reverse from 50% Fibo TypeBearish Reversal Preference:Price is nearing our pivot at 1.35579 which is an overlap resistance level that lines up with 50% Fibonacci retracement. A reverse from here price could falling to 1st support at 1.33265 which is swing low support level. Alternative scenario:However, if it breaks above it […]

Daily Market Outlook, April 21, 2023 A mixed bag of earnings Stateside left investors somewhat subdued coupled with soft US data and another round of hawkish Fed rhetoric there was little to inspire risk appetite, Asian equity markets followed suit with most regional bourses trading in the red, the Shanghai Comp is the stand out […]

TitleAUDUSD H4 | Potential reversal TypeBullish Bounce Preference:Price is approaching our pivot point of 0.66791 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.67605. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 0.6623. To discuss this trading idea, head […]

GBP Falls on Soft UK Data GBPCHF is on watch today with the retail market holding a more than 80% long position in the pair. We’ve been trending lower since the early April highs and the current backdrop looks favourable for further shorts near-term. GBP is on the ropes following the latest UK data which […]