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Forex

USDJPY H4 | Hidden Bullish Divergence

TitleUSDJPY H4 | Hidden Bullish DivergenceTypeBullish BouncePreference:Price has just bounced off our pivot at 133.449 which is a multi swing low support level. A bounce from here, price could push up...

EUR Falls As ECB Removes Commitment on Rates

ECB Pivots on RatesYesterday’s ECB meeting was a tricky event for EUR bulls. With long positions overextended ahead of the meeting and a smaller .25% rate hike well baked into price, it was going to...

Daily Market Outlook, May 5, 2023

Daily Market Outlook, May 5, 2023Asian equity markets are in general hugging the flatline in holiday thinned trade with Japan offline, the handover from Wall Street was again less than convincing,...

EURUSD H4 | Falling towards support

TitleEURUSD H4 | Falling towards supportTypeBullish BouncePreference:Price could approach our pivot point of 1.09405 and potentially reverse from here, we could see momentum carry price up to its 1st...

GBPUSD H4 | Bearish Divergence

TitleGBPUSD H4 | Bearish DivergenceTypeBearish ReversalPreference:Price is currently at our pivot point at 1.26293 which is swing high resistance level. A reverse from here price could drop to our 1st...

EUR/USD is at a Critical Crossroads: What’s Next?

The price of the currency pair EUR/USD keeps moving within the resistance area formed between the levels 1.1000 and 1.1075. Let’s observe when the asset price will exit this zone and make the next...

Hawkish Risks Into Today's ECB Meeting

Traders Brace For ECBToday’s ECB meeting holds the potential to create plenty of fireworks. On the back of the Fed signalling a pause along with yesterday’s .25% hike, the ECB is expected to push...

EURJPY Testing Key Support Ahead of ECB

EURJPY CorrectionEURJPY is at a critical juncture ahead of the ECB meeting today. Following a breakout above the 148.37 level last week, price has since reversed from highs above 152 and is now...

GBPUSD H4 | Potential bounce off support

TitleGBPUSD H4 | Potential bounce off supportTypeBullish BouncePreference:Price is approaching our pivot point of 1.25417 and potentially reverse from here, we could see momentum carry price up to its...