Category: Technial Analysis
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 […]
The FOMC meeting on Wednesday indicated that the Fed is very close to announce a pause and the range-bound response in Treasury yields suggests that there was no significant shift in rate expectations: FOMC members voted unanimously to raise interest rates by 25 basis points, bringing the federal funds rate to 5-5.25% range. Consensus before […]
Daily Technical Trade Setups For BTCUSD, ETHUSD & ADAUSD To access today’s actionable analysis, click here! Source: Tickmill
ECB Pivots on Rates Yesterday’s ECB meeting was a tricky event for EUR bulls. With long positions overextended ahead of the meeting and a smaller .25% rate hike well baked into price, it was going to take a clear hawkish surprise from the bank to help drive EUR higher near-term. However, this hawkish surprise didn’t […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a further price fall to the nearest support at 0/8 (0.8789) is expected. The scenario can be cancelled by rising above […]
The Australian dollar is using the impulse of growth efficiently, rising to its two-weeks highs against the US dollar. The current AUDUSD quote is 0.6732. Most probably, the AUD is supported by the weak dollar factor, while the fundamental background looks rather gloomy. The Reserve Bank of Australia has decreased expectations concerning inflation, wages, and […]