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The SPX500 has moved into an area where there is overhead resistance. If the short-term momentum holds with the stochastic remaining in its upper quartile, the index should overcome the resistance. However, a swift turnaround in the stochastic will see the overhead resistance holding out.
This video is intended for the users of Stratos Markets Limited, Stratos...
The S&P 500 (SPX500) could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 5,205.39 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level.
Stop loss is at 5,250.00 which is a level that sits above the 127.2% a pullback resistance.
Take profit is at 5,119.65 which is a...
The Reserve Bank of Australia raised its 2024 inflation forecast on Tuesday and appeared more concerned around achieving its 2-3% target. Despite considering the case for a hike, policymakers decided to hold rates at 4.35% for fourth straight meeting.
The Aussie reacted lower, as markets likely expected a more hawkish language from the RBA, given the upgraded...
The DAX (GER30) could fall towards a pullback support and potentially bounce off this level to climb higher to extend the bullish momentum.
Buy entry is at 18,486.50 which is a pullback support.
Stop loss is at 18,400.00 which is a level that lies underneath a pullback support.
Take profit is at 18,711.28 which is a resistance that aligns with the 100.0%...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 195.44 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level.
Stop loss is at 197.55 which is a level that sits above a pullback resistance.
Take profit is at 191.71 which is a pullback support.
High Risk...
The Bank of England (BoE) will release its monetary policy report at 11 am GMT followed by Governor Andrew Bailey's press conference at 11:30 am GMT. Should we see a dovish outcome from this latest meeting, it could trigger a strong sell-off in the Pound.
Sell entry is at 1.2472 which is a potential breakout level.
Stop loss is at 1.2545 which is a level that...