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TitleBCOUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 77.969 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 73.523. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 80.786. To discuss this trading idea, […]

TitleBTCUSD H4 | Falling to support TypeBullish Bounce Preference:Price could approach the pivot point of 26577.94 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28171.06. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 25785.98. To discuss this trading idea, […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be 1.3410. Next, the price will have a chance to break the support and continue the downtrend. However, a correction to 1.3550 […]

BRENT On H4, Brent quotes have risen to 0/8 (75.00), escaping the oversold area. The RSI has rebounded from the support line. In this situation, a test of 1/8 (78.12) is expected, followed by a breakout of this level and a rise to the resistance level of 2/8 (81.25). The scenario can be cancelled by […]

USD Short-Squeeze Continues The Dollar was seen breaking out to its highest levels in six months yesterday as debt ceiling optimism and hawkish Fed sentiment combined to drive support for the DXY. With a debt ceiling deal now looking highly likely, the expected economic boost is fuelling an uptick in hawkish Fed expectations ahead of […]

Daily Market Outlook, May 19, 2023 Asian equities are mostly positive heading into the weekend, taking their cue from the tech-led gains on Wall Street. The Nasdaq’s strong performance and the S&P 500 reaching a nine-month high due to optimism surrounding the debt ceiling and solid economic data set a positive tone. The Nikkei 225 […]