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Type: Bearish Drop Key Levels:Resistance: 2569Pivot: 2422Support: 2470 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to break the support at 2470, where the 61.8% Fibonacci line is […]

How do currency markets work? In contrast to trading shares or commodities, forex trading occurs directly between two parties in an over-the-counter (OTC) market. The forex market is run by a global network of banks which is split among four significant forex trading hubs in different time zones: London, New York, Sydney and Tokyo. Forex […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, AUDUSD quotes have broken through the 200-day Moving Average and are resting under it, which hints on possible development of a downtrend. The RSI is nearing the oversold area. A downward breakaway of 5/8 (0.6652) is expected, followed by falling to the support level of 4/8 (0.6591). […]

Technical Trade Set Ups For SP500, DXY & AUDUSD Source: Tickmill

Gold and Silver Rebound Off Lows The metals market is starting the week on a better footing with both gold and silver seeing decent demand across the European open on Monday. Both metals has been under pressure early last week before reversing higher into the end of the week as risk assets plunged Gold saw […]

Bitcoin has pulled from the resistance at the level of 18500 and dropped. The asset is likely to drop to the level of 15625, gain the required support, and head up. So, let’s observe what is going to happen next. American stock index S&P 500 broke the short-term uptrend and horizontal level of 3935. This […]