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Apple Shares Higher Pre-Market Shares in Apple are trading around 2.5% higher today ahead of the US open following the reporting of better-than-forecast Q1 results yesterday. Apple posted Q1 EPS of $1.52, vs $1.42 expected. A beta of 6.36%. Revenues were also above forecasts at $94.836 billion vs $92.906 billion expected, a beat of 2.08%. […]
US Jobs Data on Watch While the focus yesterday was on the ECB and price action in EUR and European assets, today the spotlight is firmly back on USD. The latest round of US labour market data is due today and following on from Wednesday’s FOMC meeting, there is a great deal of focus on […]
TitleUSDJPY H4 | Hidden Bullish Divergence TypeBullish Bounce Preference:Price has just bounced off our pivot at 133.449 which is a multi swing low support level. A bounce from here, price could push up to 1st resistance at 135.102 which is a pullback resistance that lines up with 38.2% Fibonacci retracement Alternative scenario:However, if price breaks […]
TitleEURUSD H4 | Falling towards support TypeBullish Bounce Preference:Price could approach our pivot point of 1.09405 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.10323. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.08869. To discuss this trading idea, […]
TitleGBPUSD H4 | Bearish Divergence TypeBearish Reversal Preference:Price is currently at our pivot point at 1.26293 which is swing high resistance level. A reverse from here price could drop to our 1st support at 1.25442which is an overlap support that lines up with 38.2% Fibonacci retracement. Alternative scenario:However, if price breaks above the pivot, it […]
TitleAUDUSD H4 | Heading into resistance TypeBearish Reversal Preference:Price is approaching our pivot point of 0.67556 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.6704. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.67864. To discuss this trading idea, […]