Day: August 14, 2023
EURUSD, “Euro vs US Dollar” EURUSD has formed a consolidation range around 1.0980 and, breaking it downwards, continues developing a structure of decline to 1.0914. After the price reaches this level, a link of correction to 1.0980 is not excluded (with a test from below). Next, a decline to 1.0890 is expected, from where the […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are under the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is testing the support line. In these circumstances, a downward breakout of 3/8 (1.0925) is expected, followed by a decline to the support at 2/8 (1.0864). The scenario can be cancelled by […]
Asian markets tumbled on Monday, with the Chinese yuan nearing its lowest level since the end of June (also the year’s minimum). Caution dominates European exchanges and US equity futures. China’s 5-year credit default swap rate rose 5 basis points on Monday, reflecting the growing concerns in the country’s financial sector, particularly the increasing risk […]
TitleUSDJPY Day | Potential bearish reversal? TypeBearish Reversal Preference:Price has just reacted off our pivot point of 145.052 which is a swing high resistance level. A reverse from here, price could fall to 1st support at 143.529 which is a pullback support level. Alternative scenario:However, if price breaks above the pivot, it could push to […]
EURUSD, “Euro vs US Dollar” EURUSD has secured under the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.0945 is expected, followed by a decline to 1.0805. An additional signal confirming the decline will be a rebound […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Inverted Hammer reversal pattern near the support level. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 1925.00. Upon testing the resistance, the price could rebound from it and continue the downtrend. However, the quotes could drop […]
TitleUSDCAD H4 | Rising into resistance? TypeBearish Reversal Preference: Price is rising towards the pivot point of 1.34846 which is a swing-high resistance that aligns with the 61.8% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.33823 which is an overlap support […]
USD Rally Quietens Crypto It’s been a quiet month for Bitcoin. Following the move in mid-July up to fresh highs for the year. The market has since corrected lower and has settled into a range between 27415 and 32185, currently trading around midway between the two levels. The uptick in USD over that same period […]
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The BTC price remains stable at around 29,426 USD on Monday. From a technical perspective, the BTC price continues to trade within the same sideways channel observed two weeks ago. The risk of retesting the local minimum near 28,585 USD persists. Support lies at 28,600 USD, while resistance is at 30,300 USD. Due to reduced […]