Category: Technial Analysis
TitleNZDUSD H4 | Falling to pivot point TypeBullish bounce Preference:Price is falling to our pivot point at 0.63114 which is a pullback support level. A bounce from here, price could push up to 1st resistance at 0.6352 which is just before a swing high resistance Alternative scenario:However, if price breaks below the pivot, it could […]
Binance Issues Impact BTC Bitcoin prices have stabilised over early European trading on Tuesday following heavy price falls in recent sessions. The selling comes in response to news that Binance, the largest crypto exchange, was seen temporarily freezing Bitcoin withdrawals twice over the weekend. The action was taken in response to heavy volumes and surging […]
Amazon Shares Reflect Uncertainty Shares in Amazon are trading a touch lower ahead of the open on Tuesday. The company’s stock remains down off the YTD highs for now despite a broad uptick in stocks on the back of Friday’s US jobs report. Shares were recently lifted by a set of better-than-forecast Q1 results, reported […]
Daily Market Outlook, May 9, 2023 Asian equity markets traded with a mixed tone overnight after a subdued handover from Wall Street, the much anticipated Senior Loan Officers Opinion data suggested that the banking turmoil in the US had impacted credit conditions Stateside with the appetite for credit receding as loan demand declined in the […]
US equities wrapped up last week on a positive note, with key indexes gaining an average of 1.9%. The unemployment report pleased the hawks: job growth in the US economy surpassed expectations by over 70K (+253K), wages saw a 0.5% increase (forecasted at 0.3%), and the unemployment rate hit a new low (3.4%). The only […]
TitleXAUUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching out pivot at 2031.604 which lines up with a 50% Fibonacci retracement. A reverse from here, price could fall to 1st support at 2004.572. Alternative scenario:However, if price breaks above the pivot, it could rally to 1st resistance at 2059.922 which is a swing […]
TitleUSDCHF H4 | Reversal from swing-low TypeBullish Bounce Preference:Price could approach our pivot point of 0.88208 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.89229. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 0.87708. To discuss this trading idea, […]
TitleUSDCAD H4 | Falling to support TypeBullish Bounce Preference:Price is approaching our pivot point of 1.33015 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.34204. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.32582. To discuss this trading idea, […]
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 […]