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Technical Analysis

GBPUSD H4 | Falling to support level?

TitleGBPUSD H4 | Falling to support level?TypeBearish ReversalPreference:Price is moving to our 1st support at 1.26175, the overlap support level from the pivot point at 1.27866, the swing high...

Dollar At Lows Ahead of PMIs

USD Under PressureThe Dollar Index is on course to end the week at its lowest level since August having shed around 2.4% since Monday’s opening price. The main driver behind the move lower this week...

GER 40 H4 | Potential bearish breakout

TitleGER 40 H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price could break out of the pivot line at 16735.14, an overlap support, and revert to the 1st support level at 16450.45, also...

XAUUSD H1 | Bearish reversal?

TitleXAUUSD H1 | Bearish reversal?TypeBearish DropPreference:Price is currently at our pivot point of 2031, which serves as an overlap resistance level. A reversal from this point could lead the price...

GBPUSD Rallying Ahead of BOE

BOE Up NextFollowing on from the FOMC last night, market focus today will be fixed firmly on the BOE. Traders are widely expecting the bank to refrain from further tightening, reflecting the drop in...

CADJPY H4 | Potential Bullish Bounce?

TitleCADJPY H4 | Potential Bullish Bounce?TypeBullish BreakoutPreference:Price is on the pivot point at 105.351, a pullback support and could bounce off and rise to 1st resistance at 106.944, a...

USD Plunges On Dovish FOMC

 Fed Signals Rate CutsThe US Dollar has turned sharply lower through Thursday morning as the fallout from last night’s FOMC meeting continues to develop. While rates were held unchanged, in line with...

Falling to 61.8% Fibonacci Projection

TitleFalling to 61.8% Fibonacci ProjectionTypeBullish BouncePreference:Price is falling towards the pivot point of 1.34288 which is a swing-low support that aligns with the 61.8% Fibonacci projection...

S&P 500 Analysis: Potential Price Rise Ahead?

The price of the American stock index S&P500 broke the resistance at the level of 4607. So, it might rebound and rise again soon. The formation of a bullish trap is also possible at this stage....