Category: Technial Analysis
Bitcoin Rally Continues Bitcoin prices were seen breaking out to fresh YTD highs yesterday as the market continues to swell in demand ahead of anticipated spot Bitcoin ETF approvals next month. While the SEC was recently seen delaying its decision on current applications until January 2024, on the back of recent developments with Grayscale, the […]
The primary currency pair fell on Tuesday. The current EURUSD exchange rate stands at 1.0760. Fans of the US currency are closely monitoring the US labour market statistics for November. The first data released yesterday was weak. ADP employment change figures increased by 103,000, while a rise of 130,000 was expected. The figure saw a […]
The British pound sterling has dropped noticeably against the US dollar. The current GBPUSD exchange rate stands at 1.2549. The main reason for GBP’s decline is the incredible strength of the US dollar. Yesterday, the US released the ADP private payrolls for November, and the dollar managed to ignore weak statistics. This happened because a […]
The yields on US Treasury bonds hit a local minimum on Tuesday following the release of JOLTS data on job vacancies: The 10-year bond yield dropped by approximately 5 basis points after October’s job vacancy data revealed a more significant decline in labor demand than expected. The number of job openings fell from 9.35 million […]
Title:EURUSD H4 | Bullish Bounce? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1.0754, which serves as a pullback support level that aligns with the 161.8% Fibo extension A bounce from this point could lead the price to rise to the 1st resistance at 1.0830, an overlap resistance. Alternative scenario:However, if the […]
TitleNZDUSD H4 | Bearish reversal? TypeBearish Reversal Preference: The price is rising toward our pivot point of 0.6190, which serves as a pullback resistance level aligning with the 61.8% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 0.6107, a pullback support level. Alternative scenario: However, if […]
Daily Trade Setups #TLT #USDJPY #GBPJPY To access today’s actionable analysis use the links below TLT https://youtu.be/5IzAUuA8HVE?si=nBf87asB2k71bsoL USDJPY https://www.youtube.com/watch?v=9AfqSB1gS8g GBPJPY https://youtu.be/DX4nAlB_srk?si=PwHqFPQykVLI1-Fm Source: Tickmill
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the resistance. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2620 is expected, followed by a decline to 1.2525. An additional signal confirming the decline will be a rebound from the upper boundary […]
TitleAUDUSD H4 | Reacting off resistance? TypeBearish Drop Preference:Price has just reacted off our pivot point of 0.65927, which serves as a pullback resistance level that closes to 38.2% FIbo retracement.A reversal from this point could lead the price to drop to the 1st support at 0.6523, a pullback support level. Alternative scenario:However, if the […]
TitleGBPJPY H4 | Bearish breakout? TypeBearish Breakout Preference: (We will wait for price to pullback at our pivot) Price is falling toward our pivot point of 184,62, which serves as resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.25647, a multi-swing low support level. Alternative […]