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TitleEURUSD Day, Bouncing off support? TypeBullish Bounce Preference:Price is currently at our pivot point of 1.04737, which serves as an overlap support level. that aligns with the 127.2 Fibo extension. A reversal from this point could lead the price rise to the 1st resistance at 1.06425, an overlap resistance. Alternative scenario:However, if the price breaks […]
The price of natural gas has closely approached the psychological level of 3.00 USD/MMBtu. At that, the asset’s price is trying to test this level for the third time in a row. As the cold season approaches, the demand for natural gas will gradually increase since it plays a crucial role in heating residential and […]
TitleSPX500USD H4 | Bearish reaction off 38.2% fibo? TypeBearish Reversal Preference: Price is rising towards our pivot point at 4306.5, aligning with the 38.2% fibo retracement and 78.6% fibo projection. We could expect price to fall from our pivot point, to the 1st support at 4259.5, which is a swing low support level. Alternative scenario:If […]
TitleEURJPY H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference: Price is falling to our pivot point at 157.04, which is a swing low support and at the 78.6% fibo retracement, and slightly below the 78.6% fibo projection. Price could bounce off the pivot point and rise towards the 1st resistance at 157.83, which […]
The BTC rate on Wednesday is hovering around 26,240 USD. When considering both technical signals and fundamental factors, there have been no changes for BTC since Monday. The flagship cryptocurrency appears completely neutral. Earlier expectations had hinted at a shift in the seasonal cycle around 20 September, which could have boosted buyer confidence. However, so […]
The Australian dollar, paired with the US dollar, is weakening again. The current exchange rate for AUDUSD stands at 0.6379. The primary driver influencing the Australian exchange rate is the behaviour of the US Dollar. However, interestingly, there is a factor that could potentially help stabilise the AUD: inflation data. The consumer price index in […]