The price of copper rebounded from the supporting level of 3.5500 and approached the downtrend. The price of this asset managed to break the downtrend. However, it doesn’t hold the position well, so...
China Concerns Hurting Copper Rally
Copper Stalling on Weak China DataOn the back of the strong rally we’ve seen recently, copper prices are stalling on Thursday as traders digest the latest data weakness out of China. The October...
EURJPY H4 | Bearish reaction off pivot?
TitleEURJPY H4 | Bearish reaction off pivot?TypeBearish ReversalPreference:Price could react to our pivot point at 161.52, which is a pullback resistance level. If price reacts bearishly, then we can...
EUR/USD H4 I Falling to support level?
TitleEUR/USD H4 I Falling to support level?TypeBearish DropPreference:The price is falling from our pivot point of 1.099, A reverse from this point could lead the price to fall to the 1st support at...
Dollar Drops On Dovish Fed Speak - GDP Next
DXY PlungesThe US Dollar was seen plunging to its lowest level since early August yesterday as traders digested the latest Fed commentary. Fed’s Waller commented yesterday that he was encouraged by...
Hawkish Hold From RBNZ Drives Kiwi Volatility
NZD Spikes HigherThe New Zealand Dollar was among the big winners yesterday as USD reversed lower. NZDUSD traded to its highest level since August earlier today before selling kicked in to fuel a...
EURJPY H4 Bullish Bounce
TitleEURJPY H4 Bullish BounceTypeBullish BouncePreference:The current price is moving toward the pivot, swing low support at 161.442. Price could bounce off pivot and move to 1st resistance a pullback...
GBP/USD Day I Potential bullish bounce?
TitleGBP/USD Day I Potential bullish bounce?TypeBullish BouncePreference:Wait for price to pullback at our pivot point of 1.2634, which serves as a pullback support level. A bounce from this point...
Gold Testing All-Time Highs Ahead of US GDP
US GDP in FocusThe first look at Q3 US GDP rolls in today and markets are looking for a 5% reading, up from 4.9% in the prior quarter. On the back of the volatility we’ve seen in USD this week, and...
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