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Technical Analysis

Bitcoin at a Crossroads: What’s Next?
Bitcoin at a Crossroads: What’s Next?

The price of Bitcoin keeps testing the resistance level of 31000; therefore, it might rebound and drop anytime soon. However, potential pennant formation on the chart might help Bitcoin break this...

Bitcoin Rally Stalled by Hawkish Fed Expectations
Bitcoin Rally Stalled by Hawkish Fed Expectations

Better US DataFollowing a sharp move higher last week, Bitcoin prices have stalled this week as hawkish Fed expectations have side-tracked the rally. A raft of better-than-forecast US data his week...

Euro Stocks Stall On Hawkish Lagarde Comments
Euro Stocks Stall On Hawkish Lagarde Comments

Hawkish ECB CommentsThe DAX continues to hold within the 15642.76 – 16278.35 range this week. Hawkish comments from ECB’s Lagarde at the bank’s Sintra Symposium have acted as a headwind, keeping...

Hawkish RBA Expectations Fade On Soft Aussie CPI
Hawkish RBA Expectations Fade On Soft Aussie CPI

Aussie CPI SlipsThe Australian Dollar has fallen lower today on the back of the latest set of Aussie inflation figures overnight. CPI was seen cooling to 5.6% last month, down from the prior month’s...

Copper Prices Sinking on China Economic Fears
Copper Prices Sinking on China Economic Fears

China Economic FearsCopper prices are under heavy selling pressure as we cross through the middle of the week as fears over the Chinese economy and hawkish Fed expectations combine to weigh on...

AUDJPY H4 | Potential bullish reversal
AUDJPY H4 | Potential bullish reversal

TitleAUDJPY H4 | Potential bullish reversalTypeBullish BouncePreference:Price could approach the pivot point of 95.329 and potentially reverse from here; we could see momentum carry price up/down to...

EURUSD H4 | Bounce off 50% Fibo
EURUSD H4 | Bounce off 50% Fibo

TitleEURUSD H4 | Bounce off 50% FiboTypeBullish BouncePreference:Price is currently at our pivot point of 1.09085 which aligns with a 50.0% Fibo retracement level. We can expect a bounce off the 50.0%...

US Data Strength Pushes Back Against Recession Fears
US Data Strength Pushes Back Against Recession Fears

Better US Data Bolsters SentimentUS stocks turned higher yesterday in response to the latest set of economic data out of the US. New home sales were seeing rising at their fastest pace in over a year...

Crude Prices Rallying Ahead of EIA Release
Crude Prices Rallying Ahead of EIA Release

EIA Up NextCrude oil prices are trading a little firmer today ahead of the latest update from the EIA due later today. On the back of the 3.1-million-barrel deficit reported last week, the market is...