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Technical Analysis

USDJPY Plunges 3.5% as Intervention Suspected
USDJPY Plunges 3.5% as Intervention Suspected

Wild Swings in USDJPYWe’re seeing huge volatility in the Japanese Yen at the start of the week. After hitting fresh multidecade highs of above 160, USDJPY sharply retreated this morning, plunging...

Bitcoin And German Government Bonds: Price Drop Ahead
Bitcoin And German Government Bonds: Price Drop Ahead

The yield of German Government Bonds is heading up, whereas their price is going down. The yield of this asset was 2.578% at the end of last trading week. Although it might head up and reach 3.0%...

GBPUSD H1 | Bullish reversal
GBPUSD H1 | Bullish reversal

TitleGBPUSD H1 | Bullish reversalTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2502, a pullback support A bounce from this level could lead the price to rise to 1st...

Falling to 50% Fibonacci Support
Falling to 50% Fibonacci Support

TitleFalling to 50% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 87.49 which is an overlap support that sits above the 50.0% Fibonacci retracement level...

EURUSD H1 | Bullish Bounce
EURUSD H1 | Bullish Bounce

TitleEURUSD H1 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0705, a pullback support A bounce from this level could lead the price to rise to 1st...

Copper Rally Pushes Higher
Copper Rally Pushes Higher

Copper Breaking OutThe rally in copper prices continues this week with copper futures breaking out to fresh highs for the year across early trading on Monday. The market has been on a tear this year...

Rising into Resistance
Rising into Resistance

TitleRising into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 2,343.74 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level...

Dollar Drops on Heavy GDP Miss
Dollar Drops on Heavy GDP Miss

US GDP Misses MarkThe US Dollar continues to soften on Friday as traders digest a weaker-than-forecast advanced GDP print yesterday. The first look at Q1 GDP came in at 1.6%, down from the prior...

Pullback Resistance at 50% Fibonacci Retracement
Pullback Resistance at 50% Fibonacci Retracement

TitlePullback Resistance at 50% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5972 which is a pullback resistance that aligns with the 50.0%...