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Forex

USDCAD H4 | Bounce off 50% Fibo
USDCAD H4 | Bounce off 50% Fibo

TitleUSDCAD H4 | Bounce off 50% FiboTypeBullish BouncePreference:Price is dropping to our pivot point of 1.35619 which is a pullback support that aligns with a 50% Fibonacci retracement. A bounce ...

US Data Surprises on the Upside, Confirming Fed Concerns about Inflation Rebound
US Data Surprises on the Upside, Confirming Fed Concerns about Inflation Rebound

Core PCE for April confirmed market concerns that consumer inflation in the US is accelerating again:Overall, it is not surprising as top Federal Reserve officials complained about sustained high...

GBPUSD H4 | Cable heading into resistance
GBPUSD H4 | Cable heading into resistance

TitleGBPUSD H4 | Cable heading into resistanceTypeBearish ReversalPreference:Price could approach the pivot point of 1.23533 and potentially reverse from here, we could see momentum carry price down...

USDCAD H4 | React off 1st resistance
USDCAD H4 | React off 1st resistance

TitleUSDCAD H4 | React off 1st resistanceTypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.36479, an overlap resistance level. A reverse from here, price could fall to 1st...

AUDUSD, Day | Bounce off support level
AUDUSD, Day | Bounce off support level

TitleAUDUSD, Day | Bounce off support levelTypeBearish BreakoutPreference:Price has just bounced off our pivot point of 0.65012 which is a pullback support level. A reverse from here, price could...

Daily Market Outlook, May 26 , 2023
Daily Market Outlook, May 26 , 2023

Daily Market Outlook, May 26 , 2023Asian equity markets generally strengthened, taking cues from the rally in the US driven by AI technology stocks. Additionally, reports surfaced indicating progress...

EURUSD H4 | Resistance overhead
EURUSD H4 | Resistance overhead

TitleEURUSD H4 | Resistance overheadTypeBearish ReversalPreference:Price is approaching the pivot point of 1.07588 and could potentially reverse from here, we could see momentum carry price down to...

Daily Market Outlook, May 25 , 2023
Daily Market Outlook, May 25 , 2023

Daily Market Outlook, May 25 , 2023Asian equities were mainly lower overnight as caution prevailed in the region following Wall Street's losses. The market sentiment was influenced by concerns...

S&P500 is Trading Flat: What’s Next?
S&P500 is Trading Flat: What’s Next?

American stock index S&P500 rebounded from the upper boundary of the range, that is, the resistance level of 4195. Currently, the index is going down, targeting the opposite side of the range. The...