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Technical Analysis

Bitcoin Forecast: Potential Price Drop Ahead

Currently, the price of Bitcoin is undergoing a correction and testing the psychological level of 60000. Should the price of this asset break the level through, it might either test the supporting...

Potential Bearish Reversal

TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6457 which is a pullback resistance level and could potentially reverse from here; we could...

EURUSD M15 | Bullish Rise

TitleEURUSD M15 | Bullish RiseTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0627, a pullback support.. A bounce from this level could lead the price to rise to 1st...

Powell Says Rates To Stay High As Long As Needed

Dollar in DemandThe US Dollar is holding at highs as we move through the middle of the week. Monday’s better-than-forecast retail sales data, hot on the heels of last week’s bumper inflation reading,...

Traders Brace For Netflix Q1 Earnings

Netflix Earnings DueAs US earnings season rolls on, focus today falls on Netflix which will report Q1 earnings at the market close. On the back of the last quarter’s weaker-than-forecast EPS result,...

GBPUSD M30 I Bullish Bounce

TitleGBPUSD M30 I Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2432, a pullback support that aligns with 38.2% Fibo retracement. A bounce from this level...

Potential Bullish Bounce off 38.2% Fibonacci Retracement

TitlePotential Bullish Bounce off 38.2% Fibonacci RetracementTypeBullish BouncePreference:Price is falling towards the pivot point of 89.72 which is a pullback support that aligns with the 38.2%...

Heading towards a Pullback Resistance

TitleHeading towards a Pullback ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.8568 which is a pullback resistance that sits above the 61.8% Fibonacci...

FTSE Bounces as UK Inflation Falls Again

FTSE Holds SupportThe FTSE is stabilising today following sharp losses across yesterday’s session. The index suffered an almost 2% drop yesterday amidst a general weakening of risk appetite in...