Category: Technial Analysis
TitleEURUSD H4 | React off 61.8% Fibo TypeBearish Reversal Preference:Price is currently at our pivot point at 1.10538 which lines up with a 78.6% Fibonacci retracement. A reverse from here price could fall to 1st support at 1.10074 which is overlap support Alternative scenario:However, if price breaks above the pivot, it could rally to 1st […]
Banking Sector Fears Intensify Fears over the health of the wider US banking sector have swung back into the limelight this week. Over the weekend, JP Morgan agreed to buy First Republic Bank which became the second largest bank in US history to fail. This comes only several weeks after SVB collapsed and Signature Bank […]
Silver touched the level of 26.25 and formed a bearish engulfing at the end of the past trading week. The asset’s price might potentially undergo correction and retest the level of 24.75. So, let’s observe when it is likely to happen. The Canadian dollar is approaching the price cluster formed by the broken downtrend and […]
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, […]
Daily Market Outlook, May 5, 2023 Asian equity markets are in general hugging the flatline in holiday thinned trade with Japan offline, the handover from Wall Street was again less than convincing, banking concerns continue to linger, however, a decent set of earnings from Apple kept risk appetite afloat ahead of today’s Non Farm Payroll […]