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Technical Analysis

Gold Analysis: Potential Jump Ahead?

Gold rebounded from the downtrend. Currently, it is trying to enter the supporting zone formed between levels 1900 and 1913. The asset’s price is likely to test this zone, rebound, and jump to break...

EURJPY H4 | Bearish reaction off 78.6% fibo?

TitleEURJPY H4 | Bearish reaction off 78.6% fibo?TypeBearish ReversalPreference:Price is approaching our pivot point at 158.49, which is a multi-swing high resistance level, aligning with the 78.6%...

BCOUSD H4 | Falling to pullback support

TitleBCOUSD H4 | Falling to pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 92.185 which is a pullback support that aligns with the 61.8% Fibonacci projection...

GBP Sold Heavily As BOE Pauses Tightening

BOE Catches Market Off-GuardGBP continues to trade sharply lower on Friday following the latest BOE rate decision. The bank opted to keep rates on hold yesterday, pausing a 15-month tightening cycle...

Crude Rallies on Russia Export Ban Announcement

Oil Turning Higher AgainFollowing a brief correction lower from YTD highs, crude oil prices are turning higher again into the end of the week. The move comes on the back of the news that Russia has...

USDJPY Spikes on BOJ Easing Confirmation

BOJ Holds SteadyThe Japanese Yen has come under fresh selling pressure today on the back of the September BOJ meeting yesterday. The Bank of Japan held rates unchanged at yesterday’s meeting, in line...

Silver Price Rebounds, EUR/USD is on the Rise

The price of silver is slowly rebounding back to the downtrend. The asset’s price might potentially rebound again at the crossing point of the downtrend and resistance level of 25.00 and drop. Hence,...

EURUSD H4 | Potential bearish reversal

TitleEURUSD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.06754 which is a pullback resistance that aligns with the 50.0% Fibonacci...

XAUUSD H4 I Reacting off resistance level?

TitleXAUUSD H4 I Reacting off resistance level?TypeBearish ReversalPreference:The price is rising toward the pivot point in 1928-1930, which aligns with the 50% Fibo retracement level. A reverse from...