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Technical Analysis

US GDP Slides Following Powell Warning
US GDP Slides Following Powell Warning

GDP UndershootsThe US Dollar rout continues this week ahead of the all-important NFP release tomorrow. DXY took another leg lower as the prelim Q2 US GDP reading yesterday came in below expectations...

Bitcoin Bulls Seize the Initiative, but Bears are Ready to Strike
Bitcoin Bulls Seize the Initiative, but Bears are Ready to Strike

Bitcoin rebounded from the key supporting level of 25000 and jumped. However, the asset might have to face resistance at the level of 29000, rebound, and drop. The level of 30000 will also offer the...

EURUSD Falls As EZ CPI Fuels Growth Fears
EURUSD Falls As EZ CPI Fuels Growth Fears

EZ Growth Concerns In FocusEUR has come under fresh selling pressure today as the latest eurozone inflation readings turned market attention back towards growth concerns there. Annually, core CPI was...

EURUSD H4 | Falling toward support level?
EURUSD H4 | Falling toward support level?

TitleEURUSD H4 | Falling toward support level?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.09301, which serves as an overlap resistance level. A reversal from this...

US30USD H4 | Bearish reversal off 161.8% fibo?
US30USD H4 | Bearish reversal off 161.8% fibo?

TitleUS30USD H4 | Bearish reversal off 161.8% fibo?TypeBearish ReversalPreference:Price is currently in a bullish momentum, and could potentially rise towards the pivot point at 35079.5, which is an...

Gold Prices Rally Ahead of US PCE Data
Gold Prices Rally Ahead of US PCE Data

Gold Higher on Softer USDGold prices are rising sharply ahead of the next round of key US data today. On the back of weaker-than-forecast JOLTS job opening, consumer confidence, services and...

GBPJPY H4 | Bullish bounce off 78.6% fibo?
GBPJPY H4 | Bullish bounce off 78.6% fibo?

TitleGBPJPY H4 | Bullish bounce off 78.6% fibo?TypeBullish BouncePreference:Price could potentially fall to our pivot point at 185.13, which is a pullback support, 78.6% fibo projection, and 50% fibo...

Bitcoin Breaks Back Above Key Level - Where Next?
Bitcoin Breaks Back Above Key Level - Where Next?

BTC Breaks HigherFollowing a period of consolidation over the last week, Bitcoin prices exploded higher yesterday, carving out a more than 8% gain. The rally saw BTC breaking back above the 27415...

GBPUSD H4 | React off resistance level?
GBPUSD H4 | React off resistance level?

TitleGBPUSD H4 | React off resistance level?TypeBearish ReversalPreference:Price has just reacted off our pivot point off 1.26525 which is an overlap resistance level. A reverse from here, price could...