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Technical Analysis

Bitcoin Forecast: Potential Price Correction Ahead
Bitcoin Forecast: Potential Price Correction Ahead

Last Monday, the price of Bitcoin reached its maximum point, rebounded, dropped, and formed a bearish engulfing. Currently, the asset’s price is in the middle of engulfing, and this didn’t come as a...

GBPJPY H4 | Bearish continuation
GBPJPY H4 | Bearish continuation

TitleGBPJPY H4 | Bearish continuationTypeBearish BreakoutPreference:GBPJPY is on a downtrend, it could break below the pivot at 189.034, the swing-low support that aligns with 38.2% Fibonacci...

Gold Hits Fresh Record Highs on USD Drift
Gold Hits Fresh Record Highs on USD Drift

Gold Breaking OutGold prices have traded up to fresh record highs this week as the US Dollar continues to trail off ahead of tomorrow’s keenly awaited NFP data. Yesterday, comments from Fed chair...

CADJPY H4 | Potential bullish breakout
CADJPY H4 | Potential bullish breakout

TitleCADJPY H4 | Potential bullish breakoutTypeBullish BreakoutPreference:The price could continue to rise and breakout of pivot at 110.322, the swing-high resistance aligning with 23.6% Fibonacci...

Bearish USD Risks Seen Around Today's Data & Events
Bearish USD Risks Seen Around Today's Data & Events

Powell on DeckLooking ahead today we have plenty to focus on in FX markets with the first of Fed chair Powell’s testimony due, as well as the ADP employment figure and the JOLTS job openings release....

Heading into Resistance
Heading into Resistance

TitleHeading into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.08657 which is a multi-swing-high resistance level and could potentially reverse from here; we...

Apple Testing Major Support Level
Apple Testing Major Support Level

Rout ContinuesShares in Apple remain under heavy selling pressure this week as the stock extends its recent decline. Apple shares are now trading down around 14% from their recent highs, despite the...

Approaching Pullback Support
Approaching Pullback Support

TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 149.762 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and...

Falling to 61.8% Fibonacci Support
Falling to 61.8% Fibonacci Support

TitleFalling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.88249 which is a pullback support that aligns with the 61.8% Fibonacci retracement...