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Technical Analysis

Gold Futures (GC1!), H4 Potential Bullish Breakout

Gold Futures (GC1!), H4 Potential Bullish BreakoutType:Bullish BreakoutKey Levels:Resistance: 2,378.20Pivot: 2,347.20Support: 2,329.70Preferred Case:Looking at the H4 chart, my overall bias for Gold...

Bitcoin Bounces Off Support - Big Test Ahead

BTC Bouncing on MondayBitcoin futures are looking a little more encouraging for bulls as we kick off the first week of H2. The market has rallied off last week’s lows, currently trading around 9% off...

EURUSD Gaps Higher on French Election Results

EUR Rallies on MondayEURUSD is starting the week on a stronger footing with the pair gapping above the 1.0724 level at the open. The move comes in response to news that Marine Le Pen’s far-right party...

GBPUSD H4 | Bullish Bounce

TitleGBPUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is pulling back to our pivot of 1.2655, a pullback support. A bounce from this level could lead the price to rise to 1st resistance of...

Dollar Softer At Start of Big Week (FOMC Minutes, NFP)

DXY Data WatchThe US Dollar is starting the week on a softer footing following Friday’s US core PCE data which confirmed a monthly reading of 0.1%, down from 0.3% the month prior. Looking ahead this...

XAUUSD H1 | Bearish Drop

TitleXAUUSD H1 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot of 2322.99, an overlap resistance close to 61.8% Fibo retracement.  A drop from this level could lead the price...

USD Volatility Risks Into Inflation Data

USD On WatchAll eyes are on the US Dollar today as traders brace for the release of the latest US Core PCE data. Given its importance to the Fed in calculating overall inflation, the reading is often...

GBPUSD H1 | Bearish Momentum

TitleGBPUSD H1 | Bearish MomentumTypeBearish ReversalPreference:Price is nearing the pivot point of 1.2637, a pullback resistance. A drop from this level could lead the price to fall to 1st support at...

Crude Rallies Ahead of US Inflation Reading

Weak US Data Boost OilOil prices are pushing higher today ahead of the keenly awaited US Core PCE reading for May. Yesterday, data showed that US jobless claims hit their highest level for more than...