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Hawkish Central Bank Expectations With central banks such as the Fed, the BOE and the ECB widely expected to push ahead with further tightening this year, economic fears are returning to the forefront. Over the back end of last year, there was plenty of speculation of global downturn risks in the first half of this […]
TitleDE30EUR H4 | Falling to 61.8% Fibo overlap TypeBullish Bounce Preference: Price is falling towards the pivot point of 15898.8 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 16070.84. Alternative scenario: If price breaks below the pivot point, it could hit the 1st support at […]
TitleGBPUSD H4 | React off resistance TypeBearish Reversal Preference:Price is approaching our pivot point of 1.27273 which is a multi swing high resistance level. A reverse from here, price could fall to 1st support level at 1.26739 that aligns with 50% Fibo retracement which is an overlap support. Alternative scenario:However, if price breaks above the […]
TitleNZDJPY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price has just reacted off our pivot point of 89.684 which is a multi swing high resistance. a reverse from here, price could fall to 1st support at 88.969 which is a pullback support level that aligns with 38.2% Fibo retracement. Alternative scenario:However, if price breaks above […]
The major currency pair is slightly retreating on Wednesday on low volatility and anticipation of the Fed minutes. The current EURUSD quote is 1.0880. The past two days have been quiet and calm for the currency section: Monday was a shortened business day in the US, and Tuesday was a public holiday due to Independence […]
The Australian dollar, paired with the US dollar, has been slipping down consistently on Wednesday. The current AUDUSD quote is 0.6684. The previous trading session proved to be quite volatile for the Australian dollar due to the Reserve Bank of Australia’s decision to keep the interest rate unchanged at 4.10% per annum. However, by the […]