Blogs

USD Traders Eye Next Data Dump

Forex

USD Stays DownThe US Dollar remains under pressure as we commence the final full trading week of 2023. Last week, the Fed’s signal that rates will be cut next year acted as confirmation for those who have speculated over the likelihood of such a shift across recent months. On the back of the meeting, USD […]

NZDUSD Day | Potential bearish reversal?

Forex

TitleNZDUSD Day | Potential bearish reversal?TypeBearish ReversalPreference:Price is reacting off our pivot line at 0.62388, pullback resistance and could reverse to the 1st support line at 0.61059, the pullback support.Alternative scenario:The price could breakthrough the pivot at 0.62388 and rise to 1st resistance level at 0.63071, the swing-high

AUDUSD Breakout on Watch

Forex

Aussie On the UpThe Australian Dollar continues its attempted breakout today, fuelled by ongoing USD weakness. The shift in perspective on the Fed sets AUD up as a prime candidate for strength in coming months. With risk flows improving and commodities prices gaining, AUD looks well positioned to benefit from further USD weakness as traders’ [&hell

EURJPY H4 | Bounced off support line

Forex

TitleEURJPY H4 | Bounced off support lineTypeBullish BouncePreference:The price has bounce off the pivot point at 154.606, the pullback support level and is rising towards the 1st resistance level at 157.518, multi-swing-high resistance level.Alternative scenario:Price could break through the pivot line at 154.606 and reverse to the 1st support lin

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