Category: Technial Analysis
TitleAUDJPY H4 | Falling to pullback support TypeBullish Bounce Preference: Price is falling towards the pivot point of 93.289 which is a pullback support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 94.146 which is a recent swing-high resistance. Alternative scenario: If price breaks below […]
BTC Volatility Returns It’s been a volatile period for Bitcoin recently. A 12% drop at the end of last week saw the market suffering its 5th largest single-day loss as traders reacted nervously to rising US yields. However, a shifting backdrop this week has allowed for crypto assets to recover some of those losses. Yesterday’s […]
TitleSPX500USD H4 | Potential bullish bounce after pullback TypeBullish Bounce Preference: Price could fall towards the pivot point of 4452.48 which is a pullback support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 4500.81 which is a pullback resistance that aligns with the 61.8% Fibonacci […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Engulfing reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target could be the resistance level at 1.0915. However, the price could drop to 1.0815 and continue its downward movement without pulling […]
TitleGBPJPY H4 | Falling from neckline? TypeBearish Reversal Preference:Price just react off our pivot point off 184.704 which is a pullback resistance level. A reverse from here, price could fall to 1st support at 183.209 which is a pullback support level Alternative scenario:However, if price breaks above the pivot, it could rise to 1st resistance […]
Bumper NVIDIA Earnings Lift Sentiment Tech stocks are marching higher today on the back of a bumper set of earnings from NVIDIA yesterday which helped bolster sentiment further. There was plenty of anticipation in the market ahead of the release given the current hype around AI and traders were eyeing a positive set of results […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0880 is expected, followed by a decline to 1.0665. An additional signal confirming the decline will be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0818. Today the market is correcting this wave of decline. A link of growth to 1.0885 is not excluded, followed by a decline to 1.0795, from where the trend might continue to 1.0750. This is a local target. GBPUSD, “Great Britain Pound […]
The major currency pair’s position is unchanged on Thursday. The current EURUSD exchange rate stands at 1.0870. US statistics are mixed. For example, while the forecast was more optimistic, the preliminary services PMI from Markit showed a decline to 51.00 points in August against 52.30 points earlier. The manufacturing PMI, in turn, dropped to 47.00 […]
The British pound sterling paired with the US dollar initially declined on Thursday morning but stabilised later. The current GBPUSD exchange rate stands at 1.2717. The morning stress could be attributed to the execution of certain trading signals. Interestingly, this is the third time in the past couple of weeks that the pound slid down […]