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Technical Analysis

Dollar Slumps Despite Hawkish Fed Minutes
Dollar Slumps Despite Hawkish Fed Minutes

USD Falls Despite Hawkish Fed MinutesThe US Dollar is trading lower today on the back of yesterday’s FOMC minutes, despite the minutes taking a broadly hawkish tone. Policymakers agreed that...

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

The price of Bitcoin keeps reversing. It should undergo correction soon. The asset’s price might not only gain the required support at the levels 49000 and 45500 but also dive even deeper and hit the...

Iron Ore Testing Key Support As China Woes Mount
Iron Ore Testing Key Support As China Woes Mount

Iron Ore Under PressureIron ore bulls will be hoping that the current weakness in USD extends further today, helping stem the sell off in the metal. Iron ore futures have shed around 13% so far this...

BOC Easing in Focus As CAD CPI Slips Further
BOC Easing in Focus As CAD CPI Slips Further

BOC in FocusThe Canadian Dollar has softened a little on the back of yesterday’s inflation data. Canadian CPI was seen declining again last month, further dampening tightening expectations. The BOC...

SPX500 H4 | Bullish bounce
SPX500 H4 | Bullish bounce

TitleSPX500 H4 | Bullish bounceTypeBullish BouncePreference:The price could fall to the pivot at 4952.82, the overlap support, then it could bounce off the pivot and rise to the 1st resistance at...

DE30 H4 | Bearish breakout
DE30 H4 | Bearish breakout

TitleDE30 H4 | Bearish breakoutTypeBearish  BreakoutPreference:The price could continue the downtrend and break the pivot at 17065.2, the overlap support. Then it could fall to the 1st support at...

Traders Brace For NVIDIA Earnings Following Price Crash
Traders Brace For NVIDIA Earnings Following Price Crash

NVIDIA Earnings DueToday promises to be an important day for the tech sector with chipmaker Nvidia due to report Q4 earnings after the market closes. The stock plunged more than 6% yesterday, wiping...

Heading into 50% Fibonacci Resistance
Heading into 50% Fibonacci Resistance

TitleHeading into 50% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.62032 which is an overlap resistance that aligns with the 50.0% Fibonacci...

Falling to 38.2% Fibonacci Support
Falling to 38.2% Fibonacci Support

TitleFalling to 38.2% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.35095 which is an overlap support that aligns with the 38.2% Fibonacci retracement...