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Technical Analysis

GBPUSD Testing Support Following PMI Plunge
GBPUSD Testing Support Following PMI Plunge

GBP Heavily SoldSimilar to what we’ve seen with EUR today, GBP has come under heavy selling pressure on the back of a dismal set of flash UK PMI readings this morning. The UK services PMI was seen...

Crude Heavily Lower Ahead of EIA & US PMIs
Crude Heavily Lower Ahead of EIA & US PMIs

Crude Slumps on China ConcernsCrude oil has taken a further turn lower this week. After a sustained rally over July which saw prices hitting fresh highs for the year earlier this month, crude futures...

EURUSD Sell Off Deepens On Weak PMI Readings
EURUSD Sell Off Deepens On Weak PMI Readings

EUR Under PressureThe Euro is coming under fresh selling pressure today on the back of the latest set of eurozone PMIs this morning. The manufacturing reading was seen remaining firmly in negative...

XAUUSD H4 | Potential bearish reversal?
XAUUSD H4 | Potential bearish reversal?

TitleXAUUSD H4 | Potential bearish reversal?TypeBearish ReversalPreference:Price has is at our pivot zone between 1900-1905 which is a multi swing high resistance that aligns with 23.6% Fibo...

GBPJPY H4 | Bullish bounce off 61.8% fibo?
GBPJPY H4 | Bullish bounce off 61.8% fibo?

TitleGBPJPY H4 | Bullish bounce off 61.8% fibo?TypeBullish BouncePreference:Price has reacted off our pivot point at 185.32, which is an overlap support level and at the 61.8% fibo retracement level....

EURGBP H4 | Bullish bounce off pivot?
EURGBP H4 | Bullish bounce off pivot?

TitleEURGBP H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price could potentially bounce from our pivot point at 0.8505, which is the swing low support level, to the 23.6% fibo...

EURUSD H4 | Falling from Fibo Confluence?
EURUSD H4 | Falling from Fibo Confluence?

TitleEURUSD H4 | Falling from Fibo Confluence?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.08882 which has 61.8% Fibo retracement and 23.6% Fibo retracement, indicating...

GBPJPY Bull Trend Continues on Hawkish BOE Expectations
GBPJPY Bull Trend Continues on Hawkish BOE Expectations

Hawkish BOE Expectations Driving GBPAfter pausing since around late June until the middle of this month, the bull rally looks to be back underway in GBPJPY. Hawkish BOE expectations are underpinning...

USDCHF H4 | Potential Bullish Bounce off 23.6% Fibo?
USDCHF H4 | Potential Bullish Bounce off 23.6% Fibo?

TitleUSDCHF H4 | Potential Bullish Bounce off 23.6% Fibo?TypeBullish BouncePreference:Price could potentially bounce off the 23.6% fibo, which is at our pivot point at 0.8757. If price does not break...