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Forex

GBPJPY H4 | Potential bearish breakout
GBPJPY H4 | Potential bearish breakout

TitleGBPJPY H4 | Potential bearish breakoutTypeBearish DropPreference:Price could breakout of the swing high resistance at 181.554 and reverse to the 1st support at 178.608, the pullback...

Poker Faced BOJ Sends JPY Sinking Lower
Poker Faced BOJ Sends JPY Sinking Lower

JPY Under PressureThe Japanese Yen has weakened sharply across early European trading on Tuesday following the Bank of Japan’s December monetary policy meeting overnight. Despite the usual speculation...

Rising into 127.2% Fibo extension resistance
Rising into 127.2% Fibo extension resistance

TitleRising into 127.2% Fibo extension resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.67357 which is a pullback resistance that aligns with the 127.2% Fibonacci...

Bullish Momentum
Bullish Momentum

TitleBullish MomentumTypeBullish RisePreference:Price is showing a bullish momentum at the pivot point of 1.0929 and could potentially rise higher from here; we could see momentum carry price up to...

RBA Minutes Show Hawkish Risks Remain
RBA Minutes Show Hawkish Risks Remain

Aussie Rally ContinuesThe Australian Dollar is receiving a fresh boost today on the back of the latest RBA meeting minutes released overnight. The minutes were somewhat more hawkish than many were...

EURGBP H4 | Falling to support line?
EURGBP H4 | Falling to support line?

TitleEURGBP H4 | Falling to support line?TypeBearish ReversalPreference:The price is reversing from pivot at 0.86506, the overlap resistance, to the 1st support at 0.8577, a pullback...

Silver Analysis: Potential Price Drop Ahead
Silver Analysis: Potential Price Drop Ahead

Silver is heading down. The price of silver underwent a correction, approached the broken downtrend, and formed a bearish engulfing. Since the breakout of the downtrend was false, the asset’s price...

Dollar in Focus: Market Analysis and Outlook Following Central Bank Meetings
Dollar in Focus: Market Analysis and Outlook Following Central Bank Meetings

The Dollar Index on Monday is hovering near the neutral level of 102.50, indicating that the market has absorbed the major news from the past week. This, of course, refers to the parade of...

EURJPY H4 | Bounced off support line
EURJPY H4 | Bounced off support line

TitleEURJPY H4 | Bounced off support lineTypeBullish BouncePreference:The price has bounce off the pivot point at 154.606, the pullback support level and is rising towards the 1st resistance level at...