News

US Consumer Data Due Ahead of the weekend, traders will be looking to the UoM Consumer Sentiment and Inflation Expectations readings as the final key data of the week. On the back of softer-than-forecast US CPI and PPI across the week, US rate hike expectations for June have sunk. However, the resulting market reaction has […]

TitleGBPUSD H4 | Potential reverse from 50% Fibo TypeBullish bounce Preference:Price is dropping to our pivot point at 1.25559 which is an overlap support that lines up with 50% Fibonacci retracement. A reverse from here price could rally to 1st resistance at 1.26401  Alternative scenario:However, if it breaks below the pivot, it could drop to […]

TitleUSDCHF H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 0.89368 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.8873. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.89709. To discuss this trading idea, head […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the support line. In these circumstances, the quotes are expected to rise above 7/8 (0.6805) and reach the resistance at 8/8 (0.9835). The scenario can be cancelled by a […]

The British pound sterling declined against the US dollar on Thursday. The current GBPUSD quote is 1.2577. The pair tested local highs yesterday but failed to secure them. Today is a big day for the GBP: the Bank of England is holding a meeting to decide on the interest rate and give signals on further […]

Daily Technical Trade Setups For DXY, EURUSD & USDJPY To access today’s actionable analysis, click here! Source: Tickmill