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Technical Analysis

Crude Steady Following Fresh EIA Deficit Data
Crude Steady Following Fresh EIA Deficit Data

Fresh Inventories Deficit SeenCrude prices continue to hold within last week’s range as the latest EIA inventories yesterday failed to provide the catalyst for a fresh directional move. The EIA...

GBPJPY H4 | Bullish bounce off pivot?
GBPJPY H4 | Bullish bounce off pivot?

TitleGBPJPY H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price is approaching the pivot point at 179.76, which is a multi-swing low key level. The 1st support is placed at 178.135, which...

USDJPY Holding At Key Support Ahead of US Data Dump
USDJPY Holding At Key Support Ahead of US Data Dump

 US Data on DeckLooking ahead today we have plenty of important US data on deck which should offer volatility across FX and equities markets. Weekly unemployment claims, the Philly Fed manufacturing...

EURJPY H4 | Bullish bounce off 23.6% fibo?
EURJPY H4 | Bullish bounce off 23.6% fibo?

TitleEURJPY H4 | Bullish bounce off 23.6% fibo?TypeBullish BouncePreference:Price is within our pivot point and the 23.6% fibo retracement range, at 156.10. Price could potentially make a bullish...

XAUUSD H4 | Bearish reversal
XAUUSD H4 | Bearish reversal

TitleXAUUSD H4 | Bearish reversalTypeBearish ReversalPreference:If price breaks above the pivot point, it could hit the 1st resistance at 2004.088.Alternative scenario:However, if price breaks above...

Meta Rallies As ChatGPT Rival Launches
Meta Rallies As ChatGPT Rival Launches

Lllama Launch Drives Shares HigherShares in Meta are trading higher ahead of the US open today as investors respond to the launch of the group’s ChatGPT and Bard rival, Llama. An AI competitor has...

Bitcoin Yet To Capitalise On USD Sell-Off
Bitcoin Yet To Capitalise On USD Sell-Off

Bitcoin Rally StallsDespite the heavy sell-off in the Dollar last week, Bitcoin was unable to capitalise on the move and breakout above the 32185 resistance level.  Instead, we’ve seen BTC futures...

USDCAD H4 | Potential bullish bounce?
USDCAD H4 | Potential bullish bounce?

TitleUSDCAD H4 | Potential bullish bounce?TypeBullish BouncePreference:Price is falling towards the pivot point of 1.31019 and could potentially reverse from here; we could see momentum carry price up...

FTSE Soaring As BOE Rate Bets Cool On Falling Inflation
FTSE Soaring As BOE Rate Bets Cool On Falling Inflation

FTSE Higher As CPI FallsThe FTSE is seeing a wave of strong buying today in response to the latest UK inflation data this morning. UK CPI was seen falling last month, with headline CPI cooling to 7.9%...