GBPUSD is holding below long term descending trendline. However, price is right now testing a key support level at 1.38590. We see a possible scenario where price will face bullish pressure above this support for a strong intraday bounce towards Fibonacci confluence zone at 1.38998. Our Fibonacci confluence zone has...

USDCAD holding above ascending trendline support with technical indicators showing room for further bullish momentum. A further push up above our entry at 1.23224 towards Fibonacci confluence zone where we have both 61.8% Fibonacci extension and -61.8% Fibonacci retracement lining up at 1.24033 could be possible. MACD is looking to...

EURNZD facing bullish pressure from ascending trendline support in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 61.8% Fibonacci retracement as well as 78.6% Fibonacci extension. If prices continue to push down, prices might take support on horizontal...

Prices are approaching resistance level in line with horizontal overlap resistance and 38.2% Fibonacci retracement. If prices push down, prices might take support on horizontal overlap support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices push up, prices might face resistance from 127.2% Fibonacci extension as...

AUDUSD is approaching resistance level in line with horizontal swing high resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards horizontal overlap support in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. If prices continue to push up, prices might face resistance...

GBPJPY is facing bearish pressure, as it continues to hold below the moving average and descending trendline resistance. We could see a reversal at Pivot, in line with 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance, and moving average resistance, towards 1st Support, in line with 76.4% Fibonacci retracement...

EURGBP is approaching Buy Entry, in line with 50% Fibonacci retracement, 50% Fibonacci extension, and moving average support. We could see a bounce and further upside towards Take Profit, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average support, showing bullish...

Today we look at the ongoing strength in risk sentiment in the US, especially in the interest rate sensitive and "bubble" stocks as market seems to be buying into the transitory inflation narrative, although we do note that different conditions for the treasury market could prevail over the next month,...

CADCHF is facing bullish pressure as it continues to hold above ascending trendline support and Stochastics has bounced from support where price has reacted in the past, showing signs of bullish pressure. We could see further upside above Buy Entry, in line with 38.2% Fibonacci retracement, 78.6% Fibonacci extension, and...

XAUUSD is in the bearish area as per the daily chart on the left. The hourly on the right: gold bears are trying to push price down and the EMAs have crossed bearishly in this regard. However, we note the previous candle has a buying tail, indicating that the bears are fighting support at...