Category: Technial Analysis

TitleEURGBP H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could potentially bounce from our pivot point at 0.8505, which is the swing low support level, to the 23.6% fibo retracement level. If price does not break the previous swing low support, then price could potentially rise towards the 1st resistance at 0.8554, which […]

TitleGBPJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price has reacted off our pivot point at 185.32, which is an overlap support level and at the 61.8% fibo retracement level. We can expect price to rise towards our 1st resistance at 186.70, which is a swing high resistance level. Alternative scenario: If […]

The British pound sterling paired with the US dollar found a foothold by the middle of the week. The current GBPUSD exchange rate stands at 1.2752. Strategically speaking, GBP is in a consolidation phase in a wide range. From a fundamental point of view, the pound’s positioning has improved slightly after investors’ risk appetite rose. […]

The major currency pair is under pressure on Wednesday. The current EURUSD exchange rate stands at 1.0860. The local news lull played against market stabilisation. In the absence of new drivers, investors are preoccupied with speculating on the Federal Reserve’s future moves regarding interest rates. While everyone is waiting for the Fed Reserve’s chair Jerome […]

TitleSPX500USD H4 | Bearish reaction off 23.6% fibo? TypeBearish Reversal Preference: Price is reacting off our pivot point at 4399.87, which is a pullback resistance, and at the 23.6% fibo retracement. We can expect price to fall to the 1st support level, which is a multi-swing low support and 78.6% fibo projection. Alternative scenario: If […]

TitleGBPUSD H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference:Price is approaching our pivot point at 1.2790, which is a multi-swing high resistance, and 61.8% fibo projection. Price could fall to the 1st support at 1.2708, which is slightly above the 50% fibo retracement and multi-swing low support level. Alternative scenario:If price breaks above […]

The Japanese yen, paired with the US dollar, is once again ready for devaluation. The current USDJPY exchange rate stands at 146.05. Last week, the Japanese Ministry of Finance sent cautionary letters regarding the recent weakening wave of the Japanese Yen. It seems the ministry has transitioned to a new stage of intervention strategies: shifting […]

Hawkish BOE Expectations Driving GBP After pausing since around late June until the middle of this month, the bull rally looks to be back underway in GBPJPY. Hawkish BOE expectations are underpinning the current drive higher with traders anticipating that the central bank will be forced to hike at least once more this year, potentially […]

Focus on Fed-Speak  The US Dollar is stalled at a key resistance level ahead of a slew of incoming data and Fed-speak this week. Looking ahead today, Fed’s Goolsbee and Bowman are due to speak. Both Fed members have been on the hawkish side recently, speaking in favour of further tightening as a result of […]

EURUSD, “Euro vs US Dollar” EURUSD has received support at 1.0875 and could extend the correction to 1.0933. Practically, a wide consolidation range continues developing around 1.0900. With the price exiting the range downwards, the wave of decline could continue to 1.0817, from where the trend might extend to 1.0733. This is a local target. […]