TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 155.84 which is a potential breakout level and could climb higher from here; we could see...
Potential Bullish Breakout for Crude
TitlePotential Bullish Breakout for CrudeTypeBullish BreakoutPreference:Price is rising towards the pivot point of 85.00 which is a potential breakout level and could climb higher from here; we could...
Copper Hits 2yr Highs on USD & China News
Copper Breaks OutCopper prices were seen breaking out to their highest levels in two years today. A combination of a weaker US Dollar and developments within the Chinese macro backdrop have helped...
Pound Pushing Higher On UK GDP Beat
UK Growth JumpsGBPUSD is pushing higher today on the back of the latest growth data released this morning which showed that the UK moved out of recession last quarter. Prelim Q/Q GDP came in at 0.6%...
Gold Forecast: Potential Price Drop Ahead
The price of Bitcoin broke the local downtrend. Currently, it keeps moving within the range. The price of this asset might potentially rebound from the broken downtrend and rise to the level of 69000....
Bearish GBPUSD Risks Into BOE Today
BOE On DeckAll eyes are on the Bank of England today as it meets for its May monetary policy meeting. Today’s meeting will be one of the bank’s ‘super Thursday’ events, meaning the rate decision,...
Heading into 50% Fibonacci Resistance
TitleHeading into 50% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6599 which is a pullback resistance that aligns with the 50.0% Fibonacci...
Potential Bullish Reversal
TitlePotential Bullish ReversalTypeBullish BouncePreference:Price could fall towards the pivot point of 1.3718 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and...
Japanese Stocks Sink on BOJ Hawkishness
Nikkei Under PressureJapanese stocks are seeing firm selling pressure on Thursday following the publishing of the BOJ’s summary of opinions overnight. The summary showed that BOJ policymakers were...
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