Latest Market News
• CHFJPY reversed from support level 144.50 • Likely to rise to resistance level 150.00 CHFJPY recently reversed up from the key support level 144.50 (which stopped the price in September), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from August. The upward reversal from the […]
Type: Bearish Drop Key Levels:Resistance: 2506Pivot:2422Support:2280 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the Pivot line at 2422, where the 50% Fibonacci line and 61.8% Fibonacci […]
Japanese CPI Jumps Again The BOJ’s commitment to maintaining an easing presence in the market is being tested further this week. The latest econ data shows that Japanese CPI hit forty-year highs last month at 2.7%, rising from the prior month’s 2% reading and well above the 2.2% reading the market was looking for. Annually, […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are going below the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI in nearing the oversold area. Currently, we should expect a test of 7/8 (0.6713), a breakaway of it, and growth to the resistance level of 8/8 (0.6835). The scenario […]
XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed a Hammer reversal pattern. Currently, following the signal of the pattern, the pair is forming another wave of correction. The goal of the growth might be 1775.00. Upon testing the resistance level, the pair might break through it and continue the uptrend. However, […]
Technical & Trade View USDCHF Trade View Bias: Bullish Above Bearish below .9660 Technicals Primary resistance is .9660 watch for bearish reversal patterns here Primary pattern objective is .9300 Acceptance below .9440 next pattern confirmation Acceptance above .9700 opens a test of .9840 20 Day VWAP bearish , 5 Day VWAP bullish Options Expiries for […]