TitleEURUSD H1 | Bearish reversalTypeBullish BreakoutPreference:Price is rising toward the pivot point of 1.0790, a pullback resistance that aligns with the 38.2. A reverse from this level could lead...
Uber Posts First Annual Profit
Fresh Earnings BeatShares in Uber are trading a touch softer ahead of the US open today. The stock was seen rallying around 6% yesterday ahead of Q4 earnings which came out after the bell. Uber posted...
Gold Analysis: Potential Price Rise Ahead
Currently, the price of gold is repeatedly testing the supporting zone formed between levels 22.00 and 22.30 and located next to the uptrend. The asset’s price might potentially rebound and rise....
Potential Bearish Reversal off 50% Fibonacci Retracement
TitlePotential Bearish Reversal off 50% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.65386 which is a pullback resistance that aligns with the 50.0%...
Chinese Stocks Rallying on Stimulus Hopes
CPI & PPI Fall AgainFurther signs that the Chinese economy is in trouble were seen overnight with the latest CPI reading marking the fastest decline in 15 years. CPI printed -0.8% last month, down...
Copper Testing Key Support
Copper Under PressureCopper prices remain under pressure today, despite the lift in Chinese stocks on the back of weak China data overnight. CPI and PPI were both seen falling again in the world’s...
Heading into 38.2% Fibonacci Resistance
TitleHeading into 38.2% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.61551 which is a pullback resistance that aligns close to the 38.2% Fibonacci...
Dollar Slides Midweek as US Yields Soften
Dollar CorrectionThe US Dollar has softened into the middle of the week following a breakout move in the DXY which saw the index trading up to its highest levels since November earlier this week....
Crude Sell-Off Stalls As US Corrects
Weak US Helps OilCrude futures are currently undergoing a shallow recovery rally helped by a mid-week pull back in the US Dollar. Softening US yields have seen USD trading lower on Wednesday, allowing...
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