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Copper Lower on Monday Copper prices are under pressure at the start of the week with futures currently down around 1.75% from last week’s highs. The move is likely partly due to position squaring ahead of a slew of key US economic data this week. Durable goods, GDP and core PCE are all on deck […]

TitleUSDCHF H1 | Bearish Drop TypeBearish Drop Preference:Price is currently at the pivot point of 0.8813, A fall from this level could lead the price to fall to 1st support at 0.8752 Alternative scenario:If price breaks above the pivot, it could rise to 1st resistance at 0.8844, a pullback resistance To discuss this trading idea, […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.2635 is expected, followed by a rise to 1.2780. An additional signal confirming the rise might be a rebound from the lower […]

USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Stick Sandwich reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the 1.3575 mark. Next, the price might break the resistance and extend the uptrend. However, the quotes could correct to 1.3475 […]

Yen Under Pressure The Japanese Yen remains under pressure as we head towards the weekend. JPY has been under steady selling pressure this week as the BOJ’s continued commitment to keeping rates at ultra-low levels remains at odds with other central banks in the G10 space. Indeed, while the prospect of rate cuts has become […]

TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 1.34789 which is a potential breakout level and could drop lower from here; we could see momentum carry price down to its 1st support at 1.34448 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci projection level. Alternative scenario: […]