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Technical Analysis

GBP/JPY H4 | Bullish bounce off 38.2% Fibo?

TitleGBP/JPY H4 | Bullish bounce off 38.2% Fibo?TypeBullish BouncePreference:The current price is on the pivot level at 187.092, which is a pullback support and it also aligns with the 38.2% fibo...

Crude Falls on Signs of OPEC Tensions

Crude LowerCrude prices have turned lower into the end of the week following yesterday’s OPEC+ meeting.  The market was widely expecting the group to announce an extension of current production...

Will OPEC Make Or Break Crude Recovery Rally?

OPEC in FocusCrude oil futures are hovering around the $78 mark today ahead of the OPEC+ meetings taking place later. The market has seen better trading over the last few days, taking advantage of a...

EURUSD Sinks On Surging ECB Rate-Cut Bets

ECB Rate Cut ExpectationsEURUSD has come under heavy selling pressure over the last 24 hours in response to a shift in the market’s outlook on ECB rates. Traders are now fully pricing in an ECB rate...

GBP/USD day I Bearish reversal?

TitleGBP/USD day I Bearish reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.2786, which serves as a multi-swing resistance level. A reverse from this point could...

EURGBP H4 | Bullish reversal off 161.8% fibo?

Title:EURGBP H4 | Bullish reversal off 161.8% fibo?TypeBullish BouncePreference:Price could bounce off our pivot point at 0.8639, which is a multi-swing low support level, and at the 161.8% fibo...

XAU/USD Day I Potential bearish reversal?

TitleXAU/USD Day I Potential bearish reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 2051.08, which serves as a multi-swing resistance level that aligns with the...

Copper And EUR/USD: Bearish Outlook

The price of copper rebounded from the supporting level of 3.5500 and approached the downtrend. The price of this asset managed to break the downtrend. However, it doesn’t hold the position well, so...

China Concerns Hurting Copper Rally

Copper Stalling on Weak China DataOn the back of the strong rally we’ve seen recently, copper prices are stalling on Thursday as traders digest the latest data weakness out of China. The October...