TAG: technical
Heading into 50% Fibonacci Resistance
TitleHeading into 50% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.62032 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we c...
7 months ago
SPX500 H4 | Bullish bounce
TitleSPX500 H4 | Bullish bounceTypeBullish BouncePreference:The price could fall to the pivot at 4952.82, the overlap support, then it could bounce off the pivot and rise to the 1st resistance at 5038.6, the multi-swing high resistance.Alternative scenari...
7 months ago
XAUUSD H4 | Bullish Bounce
TitleXAUUSD H4 | Bullish BounceTypeBullish BouncePreference: Price has just bounced the pivot point of 2015, an overlap support level. A bounce from this level could lead the price to rise to 1st resistance at 2029, an overlap resistanceAlternative scenar...
7 months ago
EURJPY H4 | Bearish drop
TitleEURJPY H4 | Bearish dropTypeBearish DropPreference:The price is trading at pivot at 161.839, the swing-high resistance. Price could reverse from the pivot and fall to the 1st support at 160.166, the overlap support.Alternative scenario:Alternatively,...
7 months ago
NZDJPY M15 I Potential bearish reversal
TitleNZDJPY M15 I Potential bearish reversalTypeBearish DropPreference:Price has jsut reacted off the pivot point of 92.24, an overlap resistance that aligns with the 61.8% Fibo retracement. A reverse from this level could lead the price to fall to 1st su...
7 months ago
Potential Bullish Breakout
TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 88.539 which is a potential breakout level and could climb higher from here; we could see momentum carry price up to its 1st resistance at 90.326 whic...
6 months ago
GBPUSD H4 | Bearish breakout
TitleGBPUSD H4 | Bearish breakoutTypeBearish BreakoutPreference:Price is falling toward the pivot point of 1.2609. A breakout from this level could lead the price to fall to 1st support level at 1.2553, a multi swing low support level.Alternative scenario...
6 months ago
XAUUSD M15 | Bearish Drop
TitleXAUUSD M15 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 2257.78, A drop from this level could lead the price to fall to 1st support at 2223.07, a pullback support levelAlternative scenario: If the price breaks abo...
6 months ago
DAX Index Today: German Inflation Data, ECB Rate Cut Odds, and 18,650
Overview of the DAX Performance on ThursdayThe DAX advanced by 0.08% on Thursday, closing the session at 18,493. Significantly, the DAX rallied 4.61% in March and ended the first quarter up 10.39%.German Employment Figures Offset the Impact of Retail Sale...
6 months ago
EUR/USD, GBP/USD, DXY Price Forecast: PMI Surprises, Dollar Eyes 105.25
Market OverviewThe EUR/USD recently saw Spanish Unemployment Change outperforming expectations at -33.4K against the forecasted 10.0K. Additionally, the Spanish Manufacturing PMI stood at 51.4, slightly above the anticipated 51.1.Events AheadIn the upcomi...
6 months ago
Natural Gas and Oil Forecast: Middle East Risks Elevate Bullish Oil Trends
Market OverviewOil prices experienced a surge, driven by promising demand indicators from China and the U.S., alongside escalating Middle East tensions impacting supply concerns. Improved manufacturing activity in China and the U.S. hints at a robust dema...
6 months ago
Gold, Silver, Copper Daily Forecast: XAU Hits $2,257; More Buying Ahead?
Market OverviewGold prices reached a new peak, with spot gold hitting $2,257 per ounce, despite the stronger dollar and U.S. manufacturing data indicating economic robustness. This growth dampened immediate rate cut expectations, elevating Treasury yields...
6 months ago
AUD to USD Forecast: RBA Minutes and US Labor Stats to Influence Market Sentiment
Aussie Labor Market and the RBA in the SpotlightOn Tuesday, the RBA was in the spotlight. The RBA Meeting Minutes from the less hawkish March policy meeting warranted investor interest. On Thursday, Aussie retail sales and the recent Monthly CPI Indicator...
6 months ago
Bitcoin (BTC) News Today: Investor Alert – BTC Falls on ETF Market Flows
Bitcoin-Spot ETF Market Flow Data Triggers BTC PullbackOn Monday (April 1), BTC declined by 2.30%. Reversing a 2.38% gain from Sunday, BTC ended the day at $69,739.BTC reacted to US manufacturing sector data for March, which tested investor bets on a June...
6 months ago