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TitleXAUUSD H4 | Falling to support TypeBullish Bounce Preference:Price is approaching the pivot point of 1952.557 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1980.333. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1937.084. To discuss this trading […]

Daily Market Outlook, May 25 , 2023 Asian equities were mainly lower overnight as caution prevailed in the region following Wall Street’s losses. The market sentiment was influenced by concerns over the US debt ceiling and the release of the Federal Open Market Committee (FOMC) Minutes, which revealed a division among officials regarding support for […]

The British pound sterling had fallen further against the US dollar by Wednesday. The current GBPUSD quote is 1.2340. After the UK released rather weak inflation statistics for April, investors stepped up the sale of the pound sterling. Yes, the CPI was below the 10% y/y threshold for the first time in eight months, and […]

The most traded currency pair looks weak on Wednesday. The current quote is 1.0740. The minutes of the last US Federal Reserve meeting held on 2-3 May, which were published yesterday, give signals of the regulator’s readiness to take action if the situation with the US public debt does not stabilise. The Fed is concerned […]

TitleUSDJPY H4 | Bearish Divergence TypeBearish Reversal Preference: Price has just reacted off our pivot point of 139.66 which is a pullack resistance level. A reverse form here, price could fall to 1st support at 138.81 which is an overlap support level. Alternative scenario:However, if price breaks above the pivot, it could rally to 1st […]

TitleDXY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price has just reversed from our pivot point of 103.7523 which is a pullback resistance that aligns with a 78.6% Fibonacci retracement. A reverse from here, price could fall to 1st support level at 103.1057 which is a pullback support level Alternative scenario:However, if price breaks above […]