Category: Technial Analysis
TitleUSDCAD, H4 | Potential bullish reversal TypeBullish Bounce Preference:Price is approaching our pivot level of 1.34949 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.36577. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1.34551. To discuss this trading idea, […]
TitleGBPUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:Price has bounced off from our Pivot at 1.23955 which is a swing high resistance. if price were to reverse it could drop down to 1st support at 1.23464 Alternative scenario:However, if price were to break above the pivot point it could push up to 1st resistance […]
The BTC dropped to 27,806 USD on Friday. The cryptocurrency lacks an impulse to bring to life its ambitious targets for growth. The support level is 26,750 USD, and the next one is 26,500 USD. Resistance levels are 29,000 USD and higher. The correlation with the US stock market has somewhat weakened, which brought down […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance, EURUSD has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1.0850. However, the price may grow to 1.0950 and continue the uptrend without any correction to the […]
TitleUSDJPY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is currently at our pivot point at 132.692, which is an overlap support along with a 38.2% Fibonacci retracement. If the price were to reverse, it could drop to 1st support at 131.651 along with a 50% Fibonacci retracement. Alternative scenario:However, if the price breaks above […]
Daily Technical Trade Setups For Nvidia, Microsoft & Russell2000 To access today’s actionable analysis, click here! Source: Tickmill
The wide inflation rate in Germany fell in March to its lowest level since last summer. Details showed that the price index mostly decreased due to energy and raw materials. The key question is, has the deflationary process started? The overall rate decreased in March to 7.4% on an annual basis compared to 8.7% in […]
Daily Market Outlook, March 30, 2023 Nasdaq On The Cusp Of A New Bull Market Month and quarter end flows have seen Asian equity markets trade with a subdued tone, the upbeat finish on Wall Street failed to follow into the Asian session in any meaningful fashion as investors closed out positions, without any data […]
The British pound against the US dollar remains ready to grow. The current quote is 1.2316. The British statistics from yesterday demonstrated that the net volume of loans given to individuals in February had dropped to 2.2 billion GBP from 3.7 billion GBP previously. At the same time, the number of mortgage permits had grown […]
Silver is gradually approaching the resistance at the level of 24.75. The asset might eventually face this resistance, pull back from it, and drop to the level of 22.40. Now, it would be good to follow the candlestick formations, which may forecast the next move of silver. American stock index S&P 500 is heading towards […]