Day: August 28, 2023
The BTC exchange rate is stagnant on Monday, hovering around 26,020 USD. The weekly loss is estimated at 0.17%. Nothing has changed: the flagship cryptocurrency shows no movement compared to recent days. Market activity has markedly decreased. The support level remains at 25,250 USD, with the next one at 23,350 USD. The market lacks sufficient […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0845 is expected, followed by a decline to 1.0650. An additional signal confirming the decline will be a rebound from […]
The dollar is attempting to consolidate its gains on Monday after breaking above the upper bound of a key bearish channel: In the search for bullish entry points, attention should be paid to the same upper channel bound, which now has a high chance of acting as a support line. On the chart, this corresponds […]
TitleAUDJPY H4 | Falling to Fibo confluence support TypeBullish Bounce Preference: Price is falling towards the pivot point of 93.744 which is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 61.8% retracement and the 78.6% projection levels. Price could potentially reverse from here and we could see momentum carry price […]
EURUSD, “Euro vs US Dollar” EURUSD has performed a wave of decline to 1.0765. Today the market is forming a structure of correction to 1.0815 (with a test from below). Next, a decline to 1.0740 is expected, from where the trend might continue to 1.0711. This is a local target. GBPUSD, “Great Britain Pound vs […]
TitleDE30EUR H4 | Potential Bearish reaction off pivot? TypeBearish Reversal Preference:Price is currently in a short-term bullish momentum, and could reach our pivot point at 15993.45, which is at the 50% fibo retracement and 100% fibo projection, before becoming bearish. There is fibo confluence at the pivot point, hence price could react off that area. […]
Bitcoin remains at the level of 26000 for now. The asset might potentially test the supporting area formed around the level of 25000, rebound, and target the psychological support at the level of 30000. So, let’s observe what might happen next. Gold is trying to recover after the drop, targeting the level of 1980 located […]
The major currency pair is in a consolidation phase on Monday. The current EURUSD exchange rate stands at 1.0810. Last Friday, Jerome Powell, the Federal Reserve chair, delivered a speech at the Jackson Hole Economic Symposium in the US. The Fed’s stance came as no surprise. The regulator intends to continue raising interest rates if necessary. […]
TitleUS30USD H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference:Price has reacted to the 78.6% fibo retracement, and the ascending trendline as well. Our pivot point is at 34258.43, which is slightly above the 78.6% fibo retracement, and it is an overlap support level. We can expect price to rise towards the 1st resistance […]
TitleNZDJPY H4 | Potential bullish bounce? TypeBullish Bounce Preference: Price is falling towards the pivot point of 86.185 which is a pullback support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 86.746 which is a pullback resistance. […]