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Powell Up Next Traders today are bracing for a fresh set of commentary from Fed chairman Powell. The central bank leader makes his semi-annual testimony at the Senate Baking Committee today and markets are eagerly awaiting any potential insight into how the Fed is likely to act on rates next month. Along wit the pause […]

BCOUSD H4 | Resistance above for crude oil TypeBearish Reversal Preference:Price could approach the pivot point of 77.474 and potentially reverse from here; we could see momentum carry price down to its 1st support of 75.278. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 78.787. To discuss this […]

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rise above 7/8 (142.18), from where it could climb to the resistance at 8/8 (143.75). The […]

The major currency pair continues its consolidation phase. The current EURUSD quote is 1.910. The macroeconomic calendar lacks any significant announcements, allowing the market to focus on more global issues. For example, investor speculations about the future of the US interest rate are still in the spotlight. There is a probability that the Federal Reserve […]

TitleUSDCHF H4 | React off overlap resistance TypeBearish Reversal Preference: Price is currently at our pivot point of 0.89923, which represents an overlap resistance. This level aligns with a 50% Fibonacci retracement and 100% projection, indicating a Fibonacci confluence. If there is a reversal from this level, the price could potentially decline towards the first […]

TitleUSDCAD H4 | Potential bearish reversal TypeBearish Reversal Preference: Price is heading towards our pivot point of 1.32772 which is a pullback resistance that aligns with a 61.8% Fibo retracement. a reverse from here, price could fall to 1st support at 1.31882 which is a multi-swing low support Alternative scenario: However, if it breaks above […]