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Technical Analysis

USDCAD H1 I Bearish reversal
USDCAD H1 I Bearish reversal

TitleUSDCAD H1 I Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point at 1.3538, a pullback resistance that aligns with the 61.8% Fibo retracement. A reverse from this...

UK Retail Sales Highest In Almost 3 Years
UK Retail Sales Highest In Almost 3 Years

UK Retail Sales SoarIt’s been quite a muddled weak on the data front. In the US we had inflation coming in above forecast followed by retail sales plunging. In the UK, following a weaker-than-forecast...

Dollar Bulls Caught Offside By Weak Retail Sales
Dollar Bulls Caught Offside By Weak Retail Sales

Retail Sales PlungeFollowing a strong start to the week, driven in part by hotter-than-forecast inflation data, the US Dollar has reversed sharply into the end of the week. Yesterday’s US retail sales...

Ethereum Tracking Bitcoin Breakout
Ethereum Tracking Bitcoin Breakout

ETH on The UpAlongside the sizeable rally we’re seeing in Bitcoin currently, Ethereum is also making its way higher. The second largest-traded crypto coin has broken out this week, now trading back at...

Will US Retail Sales Drive Dollar Higher?
Will US Retail Sales Drive Dollar Higher?

US Data Flow ContinuesFollowing a hotter-than-forecast CPI report earlier in the week, traders are today bracing for the next slew of US data. Retail sales will be the key release to watch, along with...

GBP Slides As UK Enters Recession
GBP Slides As UK Enters Recession

GDP Falls AgainThe British Pound is trading lower across the early European session on Thursday. The selling comes in response to the attest growth data out of the UK with preliminary Q4 estimates...

Potential Bearish Reversal
Potential Bearish Reversal

TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 17,041.06 which is a pullback resistance level and could potentially reverse from here; we...

Bitcoin Forecast: Potential Price Rise Ahead?
Bitcoin Forecast: Potential Price Rise Ahead?

The price of Bitcoin broke the resistance level of 49000 and the psychological level of 50000, jumped, and tested the level of 52000. In principle, the asset’s price might potentially rebound from the...

Potential Bullish Reversal
Potential Bullish Reversal

TitlePotential Bullish ReversalTypeBullish BouncePreference:Price is falling towards the pivot point of 81.212 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level...