Category: Technial Analysis
TitleGBPUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching our pivot level of 1.23439 and could reverse from here, we could see momentum move price down to its 1st support of 1.22137. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1.24257. To discuss this trading idea, […]
TitleWTI H4| Fibonacci Confluence TypeBearish Reversal Preference:The price is currently at our pivot level of 78.04, which coincides with an overlap resistance, the 50% Fibonacci retracement, and the 78.6% Fibonacci projection. If it drops, 1st support level is at 74.77, which also aligns with the 50% Fibonacci retracement Alternative scenario:On the other hand, if price […]
XAUUSD, “Gold vs US Dollar” Near the support level, 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 could be 2000.00. Upon testing the resistance, the price will get the chance to break it and continue the uptrend. However, […]
The BTC on Wednesday is balancing near 28,080 USD. The leading cryptocurrency has recovered from a crash at the beginning of the week. The market did not retreat and kept safe an important support level. This let the market return to buying fast. The quotes need to secure above 28,120-28,125 USD to reach the target […]
Daily Market Outlook, March 29, 2023 Banking Musical Chairs, Ermotti To Return As UBS Head, To Steady The Ship Asian equity markets mainly in the green on the session following a somewhat benign range bound session on Wall Street given the lack of macro catalysts as investors position for quarter end. The standout performer overnight […]
Market volatility continues to decrease as the S&P 500 VIX (also known as the “fear index”) dropped to 21 points, the lowest level since March 9th. It’s worth noting that this was around the time when the first news related to SVB Financial started to emerge: The two key culprits of recent instability in European […]
TitleDXY H4 | Potential bullish reversal TypeBullish Bounce Preference:Price is currently at our pivot at 102.2145, which is an overlap support along with a 50% Fibonacci retracement. If price reverses, it could push up to 1st resistance at 102.7547, which is a swing high resistance Alternative scenario:If the price breaks below the pivot, it could […]
Weekly Live Market & Trade Analysis 28-03-2023 In this week’s live market and trade analysis session we reviewed active set ups in the indices, forex, commodities and crypto markets, to watch the recording click here. Markets are on the move, join me Tuesdays @ 1pm GMT+1 for ‘Real Time Actionable Analysis’ I will review current […]
EURUSD has grown a bit on Tuesday. The current quote is 1.0810. With the fears of investors concerning the outbreak of a full-scale banking crisis fading into the background EURUSD is getting back its buyers. The stress from Friday gave a serious scare to the capital market. However, no more signals of problems in the […]
TitleDER30EUR, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching our pivot level of 15336.48 and could reverse from here, we could see momentum move price down to its 1st support of 15132.22. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 15480.16. To discuss this trading idea, […]