Day: November 21, 2022
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which means the uptrend is prevailing. The RSI is nearing the support line. A test of 4/8 (1.0253) should be expected, followed by a bounce off it and growth to the resistance level of 6/8 (1.0498). The scenario can be […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the currency pair has formed a Shooting Star reversal pattern. Currently, the pair is going by the signal, continuing a correction wave. The goal of the decline might be 1.0210. However, the price may grow to 1.0440, break through it, and continue the uptrend […]
• EURUSD under bearish pressure • Likely to fall to support level 1.02 EURUSD under the strong bearish pressure after the pair reversed down from the pivotal resistance level 1.037 (former monthly low from May and June, and the monthly high from August) – standing near the upper weekly Bollinger Band. The downward reversal from […]
• AUDUSD reversed from resistance level 0.6725 • Likely to fall to support level 0.6500 AUDUSD recently reversed down from the key resistance level 0.6725 (former multi-month low from July), strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the downward impulse 1 from August. The downward reversal from the […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is. Alternative Scenario:Price may fall back […]
Aussie Slips on Fresh USD Rally The failure at the bear channel top in the Aussie runs the risk of seeing the current 2022 downtrend continue. The Aussie was one of the key beneficiaries of the move lower in USD over the last fortnight and the recent rebound has weighed sharply on AUD, fuelling a […]
The BTC is falling again. On Monday, the leading crypto is aiming at 16,025 USD; the market is looking for safe havens, as far from risks as possible. Ten days have passed since the crash of the FXT exchange and the overall withdrawal of crypto assets from the market. Clearly, the market is left alone […]
On Monday, the market major is retracing. The current quote is 1.0250. On platforms, interest is growing towards safe haven assets, and the USD thus becomes the unquestionable leader of demand. Firstly, this change is connected to the news from China. All hopes on the Chinese government giving up the zero tolerance regime, have faded. […]
Type: Bearish Momentum Key Levels:Resistance: 1433.75Pivot:1409.75Support:1391.75 Preferred Case:We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located. Alternative Scenario:Price may rise […]
Metals Melting Down as USD Bounces Back A disappointing start to the week for metals traders as both gold and silver come under heavy selling pressure. Both metals had been firmly higher on the back of the October US CPI report which fuelled expectations of a smaller December hike from the Fed, seeing USD unwind […]
