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Technical Analysis

Pound Drops As UK Jobless Level Rises
Pound Drops As UK Jobless Level Rises

Unemployment Rate RisesThe latest set of UK labour market readings, released today, was something of a mixed bag. On the one hand, wages were seen holding steady at 5.6%, above the expected 5.5%, with...

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Approaching Pullback Support

TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.5873 which is a pullback support level and could potentially reverse from here; we could see...

Copper Rally Stalls on China Data Miss
Copper Rally Stalls on China Data Miss

Weak China DataCopper prices have come under fresh selling pressure on Tuesday as traders grapple with weaker industrial data out of China and a stronger US Dollar. Overnight, the latest Chinese...

Dollar Dominance: A Stronghold Amidst Global Uncertainty
Dollar Dominance: A Stronghold Amidst Global Uncertainty

The US Dollar continues its triumphant ascent as the US economy flexes its muscles against its G10 counterparts. Riding on the waves of changing short-term yield differentials, the Greenback finds...

Nasdaq Drops On USD Strength & Geopolitical Risks
Nasdaq Drops On USD Strength & Geopolitical Risks

USD Rally Hits NasdaqRisk sentiment is looking a little shaky ahead of the US open today following a 2.4% drop in the Nasdaq yesterday. A combination of heightened uncertainty over the growing...

GBPUSD H4 I Potential bearish reversal
GBPUSD H4 I Potential bearish reversal

TitleGBPUSD H4 I Potential bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2514, a pullback resistance. A reversal from this level could lead the price to...

Brent Oil and Platinum: Short-Term Price Drop Ahead
Brent Oil and Platinum: Short-Term Price Drop Ahead

Currently, the price of Brent oil remains below the resistance level of 91.00. At that point, it formed the shooting star at the end of the trading week. It looks like the price of this asset might...

Bitcoin Rallies on Hong Kong ETF Approvals
Bitcoin Rallies on Hong Kong ETF Approvals

BTC VolatilityWe’re seeing plenty of volatility in Bitcoin prices as we kick off the new week. BTC futures gapped lower at the open as uncertainty surged higher in the wake of Iran’s retaliatory...

Potential Bearish Reversal
Potential Bearish Reversal

TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6506 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level...