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Technical Analysis

GBPUSD H4 | Bearish reaction off 50% retracement?
GBPUSD H4 | Bearish reaction off 50% retracement?

TitleGBPUSD H4 | Bearish reaction off 50% retracement?TypeBearish ReversalPreference:Price is in a bullish momentum currently, due to the bounce off from our 1st support at 1.2843. Price could...

Crude Steady Following Fresh EIA Deficit Data
Crude Steady Following Fresh EIA Deficit Data

Fresh Inventories Deficit SeenCrude prices continue to hold within last week’s range as the latest EIA inventories yesterday failed to provide the catalyst for a fresh directional move. The EIA...

GBPJPY H4 | Bullish bounce off pivot?
GBPJPY H4 | Bullish bounce off pivot?

TitleGBPJPY H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price is approaching the pivot point at 179.76, which is a multi-swing low key level. The 1st support is placed at 178.135, which...

Stickiness in Eurozone CPI Keeps Hawkish ECB Expectations Alive
Stickiness in Eurozone CPI Keeps Hawkish ECB Expectations Alive

Core CPI RisesThe final eurozone CPI readings for June, released today, confirmed headline CPI at 5.5%, as expected. However, core CPI was once again seen rising slightly to 5.5% from 5.4% prior....

AUDUSD H4 | Bounce off Support level?
AUDUSD H4 | Bounce off Support level?

TitleAUDUSD H4 | Bounce off Support level?TypeBullish BouncePreference:Price is falling to  our pivot point of 0.67173 which is a pullback support level that aligns with 61.8% Fibo retracement. A...

GBPUSD H4 | Bounce off support level?
GBPUSD H4 | Bounce off support level?

TitleGBPUSD H4 | Bounce off support level?TypeBullish BouncePreference:Price is falling to our pivot point of 1.28511 which is a pullback support level that aligns with 50% Fibo retracement. A bounce...

USDCAD H4 | Potential bullish bounce?
USDCAD H4 | Potential bullish bounce?

TitleUSDCAD H4 | Potential bullish bounce?TypeBullish BouncePreference:Price is falling towards the pivot point of 1.31019 and could potentially reverse from here; we could see momentum carry price up...

XAUUSD H4 | Bearish reversal
XAUUSD H4 | Bearish reversal

TitleXAUUSD H4 | Bearish reversalTypeBearish ReversalPreference:If price breaks above the pivot point, it could hit the 1st resistance at 2004.088.Alternative scenario:However, if price breaks above...

Meta Rallies As ChatGPT Rival Launches
Meta Rallies As ChatGPT Rival Launches

Lllama Launch Drives Shares HigherShares in Meta are trading higher ahead of the US open today as investors respond to the launch of the group’s ChatGPT and Bard rival, Llama. An AI competitor has...