News

Correction Lower Continues Bitcoin bulls are starting the final full trading week of the year with a sense of caution today as BTC futures continue to trade lower. The move, which appears linked to profit taking ahead of year-end, has seen the market turning back down towards the December lows around 40435. However, another reason […]

TitleGBPUSD D1 | Resistance overhead TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.27953 which is an overlap resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.25013 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Alternative […]

The primary currency pair stabilised its position on Monday. The current EURUSD exchange rate stands at 1.0910. Volatility peaked on Thursday and Friday last week, driven by a mass of crucial statistics accumulated by the market. Now that the market has received all the necessary data, fluctuations are expected to diminish. The meetings of the […]

The Japanese yen, in the pair with the US dollar, appears just as strong on Monday. The current USDJPY exchange rate stands at 142.19. Market attention is shifting to the December meeting of the Bank of Japan scheduled for Tuesday this week. Monetary policy will likely remain unchanged. However, investors are actively discussing the possibility […]

TitleEURJPY H4 | Bounced off support line TypeBullish Bounce Preference:The price has bounce off the pivot point at 154.606, the pullback support level and is rising towards the 1st resistance level at 157.518, multi-swing-high resistance level. Alternative scenario:Price could break through the pivot line at 154.606 and reverse to the 1st support line at 152.21, […]

TitleNZDUSD Day | Potential bearish reversal? TypeBearish Reversal Preference:Price is reacting off our pivot line at 0.62388, pullback resistance and could reverse to the 1st support line at 0.61059, the pullback support. Alternative scenario: The price could breakthrough the pivot at 0.62388 and rise to 1st resistance level at 0.63071, the swing-high resistance.. To discuss […]