Day: December 27, 2022
The Japanese yen against the US dollar remains strong. The current quote is 132.89. A week has passed since the intervention of the BoJ, and the yen has renewed the highs of the last 4 months. Now it is going back very smoothly and almost unnoticeably. Meanwhile, it must be admitted that the interventions had […]
Type: Bullish Continuation Key Levels:Resistance: 1508.75Pivot: 1469.00Support: 1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and […]
Type: Bullish Rise Key Levels:Resistance:3.9600Pivot:3.6885Support:3.5545 Preferred Case:Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 3.9600, where the previous swing high is. Alternative […]
EURUSD, “Euro vs US Dollar” The currency pair has finished correcting to 1.0659. Today a consolidation range might form under this level. With an escape downwards, a new wave of decline to 1.0610 should start. With a breakaway of this level, a pathway to 1.0560 will open, followed by a correction to 1.0600 (a test […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Now it may go by the signal in an ascending wave. The goal of the growth might be 1.0720. However, the price may pull back to 1.0600, bounce off it, and continue the uptrend without a […]
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EURUSD, “Euro vs US Dollar” EURUSD is getting ready to break through the resistance level. The instrument is going above the Ichimoku Cloud, which indicates an uptrend. A test of the lower border of the Cloud at 1.0635 us expected, followed by growth to 1.0855. An additional signal confirming the growth will he a bounce […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI has risen above the resistance line. An upwards breakaway of 7/8 (0.6774) is expected, followed by growth to the resistance level of 8/8 (0.6835). The scenario can be cancelled by a […]
