Category: Technial Analysis
TitleXAUUSD H1 | Short term bearish reversal TypeBearish Reversal Preference:Price has just bounced off our pivot at 2001.844, which is an overlap resistance level along with a 38.2% Fibonacci retracement. If there is a reversal from this point, price could potentially drop down to1st support level at 1988.226, which is an overlap support level Alternative […]
Tide Turns For USD Following a strong start to the week yesterday, the US Dollar is seen surrendering gains on Tuesday as traders begin looking beyond Friday’s Jobs data towards the US CPI release due tomorrow. An upside beat on the headline NFP reading as well as an improvement in the unemployment rate saw USD […]
The FTSE Finish Line – April 11 – 2023 FTSE 100 Trading Around The Flatline Supported By Miners The FTSE 100 is trading with meagre gains as traders return from the holiday extended weekend, after opening lower support came by way of a boost from industrial miners as Cooper prices extended its advance, this was […]
GBP Rallying The British Pound has emerged as one of the strongest performing currencies on Tuesday as traders return following the long Easter weekend. The recent surprise upside in UK inflation has renewed the market’s hawkish BOE expectations, lifting the likelihood of continued tightening from the BOE in coming months. With BOE expectations now sitting […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of 5/8 (0.6652) is expected, after which the price could drop to the support at 4/8 (0.6591). The scenario can […]
Daily Market Outlook, April 11, 2023 Markets Return From Holidays With A Relatively Upbeat Start, Bitcoin Above 30k Asian equities traded with an upbeat tone to start the holiday shortened trading week, with most major money centres coming back online overnight, the uptick in risk sentiment was supported by a late upturn on Wall Street. […]
TitleAUDUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching our pivot level of 0.66942 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.66579. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 0.67298. To discuss this trading idea, head […]
The Japanese yen is losing to the US dollar. The current quote is 133.50. The March statistics of the Japanese CCI published yesterday demonstrated growth of the indicator to 33.9 points from 31.1 points earlier. This is a good signal that means that households are beginning to trust the policy of the Bank of Japan […]
XAUUSD, “Gold vs US Dollar” Near the resistance, gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the growth might be 2050.00. After testing the resistance, the price could break it and continue the uptrend. However, the quotes may correct to […]
TitleGBPUSD H4 | Bounce off from resistance TypeBearish Breakout Preference: The price is currently at our pivot level at 1.24158, which is an overlap resistance level and line up with a 38.2% Fibonacci retracement. If there is a reversal from this level, the price could potentially drop to 1st support level at 1.23515, which is […]