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Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 with S.L. below 17890 or at least 1% of account capital*. Apply trailing stop. Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700 with S.L. above 17900 or at least 1% of account capital*. Analysis from the daily chart: volume Profile and Structure. At […]

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02/12/2023

Will RBA Maintain Tightening Bias After CPI Miss?

RBA is expected to hold rates in December after hiking last month But will it signal future hikes or will it turn more cautious? After soft CPI, RBA’s decision on Tuesday, 3:30 GMT, poses a risk for the aussie New governor has been beating the hawkish drum The Australian economy has been gradually losing steam […]
29/03/2024

GBP/USD: Cable Moves Within Extended Range Ahead of Key US Data

Cable remains in extended sideways mode, with a narrow range on holiday-thinned markets on Good Friday. Near-term action is ranging between 200DMA (1.2588) and thin daily cloud (spanned between 1.2634 and 1.2663), with predominantly bearish daily studies keeping the downside at risk, although the pair is still looking for stronger direction signal. Markets await release […]
04/07/2024

Brent Crude – Oil Runs into Resistance as EIA Inventories Fall

Brent Crude oil prices rose on Wednesday due to a larger-than-expected draw in US crude inventories. The market anticipates further inventory reduction, leading to potential support for prices in Q4. Technical analysis suggests bullish continuation, with a key resistance level at 87.90 and potential for a move towards 90.00 if this level is breached. Brent […]