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Forex

Dovish BOJ Comments Ahead of Friday Meeting
Dovish BOJ Comments Ahead of Friday Meeting

BOJ In Focus this WeekBank of Japan watchers and JPY traders are gearing up for the first BOJ rates meeting since new BOC chief Ueda ordered a review of monetary policy. The move taken at the last...

DXY H4 | Falling to overlap support
DXY H4 | Falling to overlap support

TitleDXY H4 | Falling to overlap supportTypeBullish BouncePreference:Price is falling towards the pivot point of 102.5944 and could potentially reverse from here; we could see momentum carry price up...

NZDUSD H4 | Rising into 61.8% Fibo resistance
NZDUSD H4 | Rising into 61.8% Fibo resistance

TitleNZDUSD H4 | Rising into 61.8% Fibo resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.61869 and could potentially reverse from here; we could see momentum carry...

USDCHF H4 | Bounce off Fibo confluence
USDCHF H4 | Bounce off Fibo confluence

TitleUSDCHF H4 | Bounce off Fibo confluenceTypeBullish BouncePreference:Price has just bounced off from our pivot point of 0.89806 which aligns with a 50% and 78.6% Fibo retracement. A bounce off from...

Markets Struggle to Pin Down a Turning Point in US Expansion
Markets Struggle to Pin Down a Turning Point in US Expansion

The dollar hit a corrective low yesterday following the release of US labor market data:The US Dollar Index (DXY) fell below the 104.40 level, marking a low point in the retracement since the...

EURUSD H4 | Potential bearish reversal
EURUSD H4 | Potential bearish reversal

TitleEURUSD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is currently at our pivot point of 1.07753 which is a swing high resistance level. A reverse from here, price could fall...

How Will ECB Meeting Drive EUR Next Week?
How Will ECB Meeting Drive EUR Next Week?

ECB On Watch Next Week Looking ahead to next week, the other main focus for traders away from the Fed will be the ECB. The bank is widely expected to hike rates by a further .25%, in line with recent...

CADJPY H4 | Bullish reversal from overlap support
CADJPY H4 | Bullish reversal from overlap support

TitleCADJPY H4 | Bullish reversal from overlap supportTypeBullish BouncePreference:Price could approach the pivot point of 104.201 and potentially reverse from here; we could see momentum carry price...

GBPUSD H4 | React off 78.6%
GBPUSD H4 | React off 78.6%

TitleGBPUSD H4 | React off 78.6%TypeBullish BreakoutPreference:The price is rallying towards our pivot point of 1.25044, which aligns with a 78.6% Fibonacci retracement. If there is a reversal from...