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Technical Analysis

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...

GBPJPY H4 | Potential bullish bounce
GBPJPY H4 | Potential bullish bounce

TitleGBPJPY H4 | Potential bullish bounceTypeBullish BouncePreference:The price could reverse to the pivot point at 188.246, the overlap support that alings with 38.2% Fibonacci retracement. It could...

GBPUSD H1 | Bearish reversal
GBPUSD H1 | Bearish reversal

TitleGBPUSD H1 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2580 which aligns with the 61.8% Fibo retracement,  A reverse from this level could lead the...

Dollar Rallies on Hot Inflation Data
Dollar Rallies on Hot Inflation Data

Core CPI RisesThe US Dollar is pushing higher midweek on the back of yesterday’s US inflation figures. Annualised headline CPI was seen at 3.1% last month, lower than the 3.4% seen a month prior but...

FTSE Higher As UK Inflation Remains Unchanged
FTSE Higher As UK Inflation Remains Unchanged

CPI Holds SteadyThe FTSE is seeing strong demand today after the latest UK inflation figures released this morning were cheered by investors. Annualised headline CPI was seen holding steady at 4% last...

Potential Bearish Reversal
Potential Bearish Reversal

TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.64815 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level...