Latest Market News
Type: Bearish Drop Key Levels:Resistance: 4049.00Pivot: 3914.00Support:3757.50 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 3757.50, where the 161.8% Fibonacci line […]
Type: Bullish Rise Key Levels:Resistance:1917.5Pivot:1744.0Support:1656.5 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 1917.5, where the 78.6% Fibonacci line is. Alternative Scenario:Price […]
Type: Bullish Rise Key Levels:Resistance:684.25Pivot:651.25Support:638.25 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! 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 684.25, where the 78.6% Fibonacci line is. Alternative […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the downtrend. The RSI is nearing the overbought area. A bounce off the 3/8 (134.37) is expected, followed by falling to the support level of 2/8 (131.25). The scenario can be cancelled by rising over the resistance […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Harami reversal pattern. Currently, the pair can go by the pattern in an ascending wave. The goal of the growth might be the resistance level of 1830.50. After the test of the resistance level, the pair can break through it and continue […]
The BTC is stuck in place again, generally fluctuating near 16,654 USD. The situation at the exchange is vague. Investors are afraid to buy due to trouble with mining and trust issues after the crash of the FTX crypto exchange. All these problems cannot be resolved at once, so no one rushes at solving them. […]