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Forex

Daily Market Outlook, March 28, 2023

Daily Market Outlook, March 28, 2023Banking Stress Recedes, Relief Rally In Bank Shares Supports SentimentFollowing a mildly positive finish on Wall Street Asian equities have also posted modest gains...

DXY H4 | Potential bullish reversal

TitleDXY H4 | Potential bullish reversalTypeBullish BouncePreference:Price is currently at our pivot at 102.2145, which is an overlap support along with a 50% Fibonacci retracement. If price reverses,...

GBPUSD, H4 | Potential bearish reversal

TitleGBPUSD, H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is approaching our pivot level of 1.23439 and could reverse from here, we could see momentum move price down to its 1st...

Stock Market Rebound may Help the Fed Gain Confidence in its Tightening Course

News related to Deutsche Bank shook financial markets on Friday, but the trend on Monday suggests that the market overreacted with panic: SPX futures topped 4000 points and gold fell by more than...

GBPUSD, H4 | Potential bearish reversal

TitleGBPUSD, H4 | Potential bearish reversalTypeBearish ReversalPreference:Price could approach our pivot level of 1.23437 and reverse from here, we could see momentum move price down to its 1st...

EURUSD H4 | Potential reversal from 38.2%

TitleEURUSD H4 | Potential reversal from 38.2%TypeBullish BouncePreference:The current price is at the pivot point of 1.07629, which is an overlap support level and is slightly below the 38.2%...

AUDUSD H4 | Potential Bullish Reversal

TitleAUDUSD H4 | Potential Bullish ReversalTypeBullish BouncePreference:The price has bounced back from the pivot point at 0.66373, which is a swing low support level that aligns with an ascending...

EUR/USD Consolidates, but Bulls are Holding a Tight Grip

Euro is undergoing a correction, heading down, and targeting the uptrend and supporting level of 1.0500. The asset might potentially pull back from the crossing point of this uptrend and supporting...

USDJPY H4 | Potential reversal from 78.6%

TitleUSDJPY H4 | Potential reversal from 78.6%TypeBullish BreakoutPreference:The current price is at our pivot level of 130.335, which lines up with an overlap support which is just slightly above the...