News
Middle East Worrying Oil Traders Oil prices remain bid today on the back of a more than 5% rally in crude futures yesterday. Developments in the Middle East are creating upward pressure this week as fears of a burgeoning, wider conflict in the region are acting to offset oversupply concerns. News of fresh supply disruptions […]
ETF Report Causes Flash-Crash Bitcoin prices are rallying firmly today with the market having now recovered more than 50% of yesterday’s 10% price plunge. The sharp downturn came in response to a report circulating online claiming that the SEC would likely turn down current spot-Bitcoin ETF applications. Produced by Matrixport, a crypto financial services platform, […]
TitleUSDJPY H4 | Bullish bounce TypeBullish Bounce Preference:USDJPY is bouncing off the pivot at 143.152, the overlap support, and could continue rising to 1st resistance at 144.753, the overlap resistance. Alternative scenario: The price could break the pivot at 143.152, and fall to the 1st support at 141.404, the pullback support. To discuss this trading […]
TitleEURJPY H4 | Potential bullish breakout TypeBullish Breakout Preference:EURJPY could continue rising and break the pivot at 156.786, the pullback resistance, and rise to the 1st resistance level at 158.155, the swing-high resistance. Alternative scenario:The price could pullback from a pivot at 156.786, and fall to the 1st support level at 155.253, the swing-low support. […]
TitleEURGBP H4 | Bullish bounce TypeBullish Bounce Preference:EURGBP has bounced off the pivot at 0.86128, the overlap support, which aligns with the 61.8% Fibonacci retracement level. The price could continue to rise to the 1st resistance level at 0.86492, the overlap resistance. Alternative scenario:The price could pullback and breakout of the pivot at 0.86128, and […]
TitleEURUSD H4 | Potential bearish reversal TypeBearish Breakout Preference:EURUSD could reverse to the pivot at 1.08771, the pullback support that aligns with the 61.8% Fibonacci retracement level, and fall to the 1st support level at 1.07412, the overlap support. Alternative scenario:The price could potentially rise to the 1st resistance level at 1.10057, the overlap resistance. […]