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Technical Analysis

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GBP Lower As NIESR Flags Fresh Recession Risks

2024 Recession Risks GrowingAfter narrowly avoiding a recession so far this year, and with the likes of the IMF and the BOE no longer forecasting a recession in the UK this year, GBP bulls were dealt...

AUDUSD H4 | Bullish reversal off pivot?
AUDUSD H4 | Bullish reversal off pivot?

TitleAUDUSD H4 | Bullish reversal off pivot?TypeBullish BouncePreference:Price is approaching our pivot point at 0.6515, which is at a swing low support level. If price rejects this swing low support,...

USDJPY H4 | Bearish reversal off pivot?
USDJPY H4 | Bearish reversal off pivot?

TitleUSDJPY H4 | Bearish reversal off pivot?TypeBearish ReversalPreference:Price is heading towards our pivot point at 143.93, which is an overlap resistance level. If price manages to create a double...

Crude Capped by Rising USD & Weak China Data
Crude Capped by Rising USD & Weak China Data

Rising USD Stalls CrudeCrude prices are reversing this week following a solid rally over July that saw crude futures gaining almost 20% off the lows. Price made it as high as a test of the 82.59 level...

EURUSD H4 | Potential Bearish Reversal?
EURUSD H4 | Potential Bearish Reversal?

TitleEURUSD H4 | Potential Bearish Reversal?TypeBearish ReversalPreference:Price is rising towards our pivot point of 1.10397 which is an overlap resistance. A reverse from here, it could fall to 1st...

USDJPY On Watch As 145 Nears
USDJPY On Watch As 145 Nears

JPY WeakeningUSDJPY is pushing back up towards the 1.45 level this week as JPY weakness returns, despite the BOJ last week tweaking its YCC program to allow for higher yields. This move was seen by...

DE30EUR H4 | Bullish reversal off pivot?
DE30EUR H4 | Bullish reversal off pivot?

TitleDE30EUR H4 | Bullish reversal off pivot?TypeBullish BouncePreference:Price is approaching our pivot point at 15786.68, which is at the multi-swing low support. If price rejects this area, price...

Gold Prices Lower As USD Gains Ahead of Thursday's CPI Data
Gold Prices Lower As USD Gains Ahead of Thursday's CPI Data

Hawkish Fed Risks RemainGold prices are looking a little softer through the European morning on Tuesday as USD regains some ground. While Friday’s data saw the NFP undershooting forecasts, a move...

USDCAD Day | Potential bearish reversal?
USDCAD Day | Potential bearish reversal?

TitleUSDCAD Day | Potential bearish reversal?TypeBearish ReversalPreference:Price is currently at our pivot point 1.33807 which is an overlap resistance that aligns with 50% Fibo retracement. if it...