Thursday 28th October: Technical Outlook and Review

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DXY: On the H4 timeframe, prices are on a bullish momentum. Prices are currently testing our 1st support could potentially climb from our 1st support at 93.781 in line with 50% Fibonacci retracement  towards our 1st resistance at 94.147 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Technical indicators are showing bullish momentum. … Continue reading Thursday 28th October: Technical Outlook and Review

Wednesday 27th October: Technical Outlook and Review

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DXY: On the H4 timeframe, prices are on a bullish momentum. Prices could potentially climb from our 1st support at 93.781 towards our 1st resistance at 94.147 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Technical indicators are showing bullish momentum. Alternatively, breaking our 1st support can find prices dipping towards our 2nd … Continue reading Wednesday 27th October: Technical Outlook and Review

Tuesday 26th October  : Technical Outlook and Review

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On the H4, price has just bounced off the 1st support at 35472 in line with the 23.6% Fibonacci retracement level which is also a graphical horizontal overlap support. With the RSI showing a bearish divergence, we are likely to see some bearish momentum from 1st resistance at 35968 in line with our graphical swing high resistance and two 127.2%

Discover New Trading Opportunities

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This years’ Q3 earnings report will be published this week, bringing with it, the anticipation of market volatility and exciting new opportunities to trade. Major tech companies reveal their earnings this week. What should you keep an eye out for? Facebook has faced outages and allegations due to a whistle-blower testimony. The tech giants will … Continue reading Discover New Trading Opportunities