News

May 23
EURGBP H4 | Running into resistance

TitleEURGBP H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching the pivot point of 0.87154 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 0.86777. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.87471. To discuss this trading […]

May 23
JPY plunged into devaluation again. Overview for 23.05.2023

The Japanese yen, paired with the US dollar, continues to decline. The current USDJPY quote is 138.37. The strong US dollar, which is in demand as a safe haven asset, is having a remarkable influence on the Japanese yen. Fresh Japanese statistics have attracted attention. The PMI report turned out positive: the services sector is […]

May 23
Ichimoku Cloud Analysis 23.05.2023 (GBPUSD, NZDUSD, XAUUSD)

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting in a Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the indicator at 1.2465 is expected, followed by a decline to 1.2295. An additional signal confirming the decline will be a rebound […]

May 23
AUDUSD H4 | A bounce off 23.6%

TitleAUDUSD H4 | A bounce off 23.6% TypeBullish Bounce Preference:Price has just bounced off our pivot point off 0.66282 which aligns with a 23.6% Fibonacci retracement. A reverse from here, price could rally to 1st resistance at 0.66704 which is a multi swing high resistance. Alternative scenario:However, if it breaks below, it could fall to […]

May 23
ETHUSD H4 | Bullish bounce

TitleETHUSD H4 | Bullish bounce TypeBullish Bounce Preference:Price has bounced off the pivot point of 1792.65 and could continue to climb higher, we could see momentum carry price up to its 1st resistance of 1848.31. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1759.84. To discuss this trading […]

May 23
Tesla Shares Rally On Back Of Powell Comments

Tech Stocks Boosted by Powell  Shares in Tesla are trading higher ahead of the open today. The stock is benefiting from a combination of factors currently. Dovish comments from Fed chairman Powell on Friday have fuelled a sharp repricing of US rates with the market now projecting a lengthy pause through to November at which […]