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Technical Analysis

Hawkish Fed Comments Weigh on Gold Prices

Gold Under PressureGold prices are under pressure as we kick off the new week. The safe-haven was seen extending recent losses through the European open on Monday as hawkish Fed expectations once...

ETH Holding Just Below YTD Highs on Monday

ETH Testing HighsEthereum prices are holding just below YTD highs as we start the new week. Following a test of the 2153.5 level last week, ETH prices have since cooled a little though retain a firm...

Cable At Key Support Ahead of Inflation Data

GBP Traders Await Inflation DataGBPUSD continues to cling to support around the 1.2171 level. The level has acted as a magnet over recent months with price oscillating around that price point since...

GBPUSD H4 | Falling to support level?

TitleGBPUSD H4 | Falling to support level?TypeBearish ReversalPreference:Price is currently at our pivot of 1.2242 which is an overlap resistance level that aligns with the 61.8% Fibo retracement. A...

AUDJPY H4 | Falling to 50% Fibo support

TitleAUDJPY H4 | Falling to 50% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 95.787 which is an overlap support that aligns close to the 50.0% Fibonacci...

Powell Drives Aussie Reversal Deeper

Hawkish Fed CommentsThe US Dollar is trading higher today on the back of keenly awaited comments from Fed chairman Powell yesterday. Powell warned that it was too early for the Fed to say that peak...

GBPNZD H4 | Heading into resistance

TitleGBPNZD H4 | Heading into resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 2.07946 which is a pullback resistance that aligns close to the 61.8% Fibonacci...

Bitcoin Volatility Returns - What to Watch

Bitcoin Bites BackAfter some time out of the limelight, Bitcoin has been grabbing attention again recently with some mouth-watering volatility. The leading cryptocurrency has seen impressive gains...
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Pound Under Pressure Over Weak GDP Data

Recession Risks LoomThe British Pound is seeing further selling today on the back of the latest UK growth data released this morning. The data, while a little better than forecast, pointed to anaemic...