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Technical Analysis

USD Pushes Higher on Bumper PMI Data
USD Pushes Higher on Bumper PMI Data

USD Fighting BackIt’s been a wild ride for the US Dollar over the last two weeks. Following the heavy sell off we saw last Wednesday in response to softer US inflation, a string of hawkish comments...

Bitcoin Reverses From Channel Resistance
Bitcoin Reverses From Channel Resistance

Bitcoin Correction DeepensIt’s been a disappointing week for Bitcoin bulls. Following a breakout move to fresh one-month highs, BTC futures have since reversed and are now almost back down at the...

XAUUSD H4 I Bullish Bounce
XAUUSD H4 I Bullish Bounce

TitleXAUUSD H4 I Bullish BounceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.0852 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level...

Overlap Resistance at 61.8% Fibonacci Retracement
Overlap Resistance at 61.8% Fibonacci Retracement

TitleOverlap Resistance at 61.8% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising toward the pivot of 1.0843, a pullback resistance. A reversal from this level could lead the price...

Potential Bullish Momentum for the Kiwi
Potential Bullish Momentum for the Kiwi

TitlePotential Bullish Momentum for the KiwiTypeBullish BouncePreference:Price is falling towards the pivot point of 0.6090 which is a pullback support that aligns with the 23.6% Fibonacci retracement...

Dow Under Pressure Amidst USD Revival
Dow Under Pressure Amidst USD Revival

Dow Slips on USD RallyUS stocks have come under heavy selling pressure into the end of the week amidst an uptick in USD. The Dow Jones has shed almost 3% this week as continued hawkish sentiment from...

Potential Bullish Reversal for Crude Oil?
Potential Bullish Reversal for Crude Oil?

TitlePotential Bullish Reversal for Crude Oil?TypeBullish BouncePreference:Price is falling towards the pivot point of 81.46 which is a pullback support level and could potentially reverse from here;...

Gold Sinks on Hawkish Fed Minutes
Gold Sinks on Hawkish Fed Minutes

Fed Concerned Over Inflation ProgressGold prices are seeing heavy selling across early European trading on Thursday. The market has reacted negatively to the release of last night’s FOMC minutes with...

AUDUSD H4 | Falling to 61.8% Fibonacci Support
AUDUSD H4 | Falling to 61.8% Fibonacci Support

TitleAUDUSD H4 | Falling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.6619 which is an overlap support that aligns with the 61.8% Fibonacci...