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NZDUSD H4 | Falling to 61.8% Fibo

Forex

TitleNZDUSD H4 | Falling to 61.8% FiboTypeBearish DropPreference:The price is falling from our pivot point of 0.615,  A reversal from this point could lead the price to drop to the 1st support at 0.6081, an overlap support level that aligns with the 61.6% Fibo retracement.Alternative scenario:However, if the price breaks above the pivot, it might [

GER40 H4 | Bearish reversal off pivot point?

Forex

Title:GER40 H4 | Bearish reversal off pivot point?TypeBearish reversalPreference:The price is reacting off our pivot point at 16446.31, which is a swing high resistance. The price could fall to 1st support level at 15988.32, which is a pull back resistance.Alternative scenario:The price could break the pivot point at 16446.31, which is a swing high

AUDUSD H4 | Bullish bounce off pivot point?

Forex

TitleAUDUSD H4 | Bullish bounce off pivot point?TypeBullish bounce Preference:The price is falling to the pivot point at 0.65699, an overlap support and could bounce off and rise towards the 1st resistance level at 0.66755, a multi-swing-high resistance.Alternative scenario:The price could break though our pivot point at 0.65699, an overlap support

S&P Weakens On China Credit Wobble

Forex

Stocks Pause at HighsUS stocks are softening from the week’s highs as we head into the US open on Tuesday. Following a solid rally off the October lows which saw the S&P gaining more than 12%, the move has stalled into a test of the YTD highs at 4602.90. The shift in trader’s expectations regarding […]

Dovish ECB Comments Hurt EURUSD

Forex

USD Recovery ContinuesThe US Dollar has seen better demand over recent sessions with the Dollar Index posting a small recovery for now. With a slew of data to come this week, starting with ISM data later today and culminating with jobs data on Friday, there is plenty of volatility risk to monitor this week. For […]

Crude Fails To Rally Following OPEC+ News

Forex

OPEC News Lacks BiteCrude oil prices remain mostly muted as we move through the European morning on Tuesday. Just days on from OPEC+ announcing an extension of its current production cuts, the market has failed to find any upside momentum with crude futures still hugging support at the 72.61 mark. Last week’s meeting saw OPEC+ […]

EURUSD H4 | Falling to 161.8% Fibo extension?

Forex

TitleEURUSD H4 | Falling to 161.8% Fibo extension?TypeBearish DropPreference:The price is falling from our pivot point of 1.08342, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.0758, a pullback support level that aligns with the 161.8% Fibo extension.Alternative scenario

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