Category: Technial Analysis

TitleNZDJPY H4 | Potential bullish bounce? TypeBullish Bounce Preference: Price is falling towards the pivot point of 86.185 which is a pullback support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 86.746 which is a pullback resistance. […]

Bullard & Collins Support Further Hikes Ahead of the Jackson Hole Symposium today USDJPY is holding just below the YTD highs. USD is seeing fresh buying ahead of the event on the back of hawkish comments from Fed’s Bullard yesterday. The Philly Fed chief downplayed US recession risks and instead said that further tightening might […]

Metals Moving Up The metals market is rallying back this week. After coming under heavy selling pressure over the last month, gold futures are on course to print their fourth consecutive positive session today. The safe haven has seen better demand in recent days as US yields have fallen back ahead of the Fed’s Jackson […]

TitleCHFJPY H4 | Bullish bounce off pullback support TypeBullish Bounce Preference: Price is falling towards the pivot point of 164.536 which is a pullback support that sits above the 61.8% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 165.49 which is an […]

Lagarde On Watch The Euro has fallen to its lowest level since early June ahead of the keenly awaited Jackson Hole Symposium taking place today. The event will feature hotly anticipated comments from both Fed’s Powell and ECB’s Lagarde, creating double the risk for EURUSD. On the back of yet further eurozone data weakness this […]

The British pound sterling paired with the US dollar hit its lowest point in seven weeks. The current GBPUSD exchange rate stands at 1.2560. The market is actively reassessing its positions regarding the future actions of the Bank of England. Notably weak PMI statistics revealed that the country’s economy will not withstand any further tightening […]

TitleEURUSD H4 I Bounce off Fibo Confluence? TypeBullish Bounce Preference:Price is falling toward our pivot point of 1.07402 which is a multi swing low support level that aligns with 161.8 extension and 100% projection. A bounce off from here, price could rise to 1st resistance at 1.07997 which is a pullback resistance level. Alternative scenario:However, […]

Amazon Stocks Slide From Highs Shares in Amazon are trading a little higher ahead of the US open today. Despite the uptick, the stock is sitting around 9% down off the YTD highs following the recent correction. The move lower comes amidst a pullback in mega-cap tech stocks recently. A bumper set of Q2 earnings […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.2630 is expected, followed by a decline to 1.2410. An additional signal confirming the decline will be a rebound from […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of correction to 1.0875, beginning a new declining wave. Today the market has demonstrated a structure of the move to 1.0777. A link of growth to 1.0810 is not excluded (with a test from below). Next, a decline to 1.0750 could follow, from where the […]