Latest Market News
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0840. However, an alternative scenario […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to continue falling to reach the support at -1/8. Still, this scenario may no longer be valid if the price breaks […]
Type: Bearish DipKey Levels:Resistance: 4.7890Pivot: 4.7740Support: 4.7375Preferred Case:We see the potential for a bearish dip from our pivot at 4.7740 in line with 138.2% Fibonacci extension towards our 1st support at 4.7375 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st resistance at […]
Type: Bullish BounceKey Levels:Resistance: 227.70Pivot: 221.75Support: 219.20Preferred Case:We see the potential for a bounce from our pivot at 221.75 in line with 127.2% Fibonacci extension towards our 1st resistance at 227.70 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension.Alternative Scenario: Alternatively, price may break our pivot structure and head for 1st support at […]
• NZDCAD under bearish pressure• Likely to fall to support level 0.8400 NZDCAD is under the bearish pressure after the price broke the support zone located between the support level 0.8500 (low of wave B from February) and the 61.8% Fibonacci correction of the upward wave from February. The breakout of this support zone should […]
• Corn rising inside impulse waves 3 and (iii),• Likely to reach resistance level 840.00 Corn futures continue to rise inside the accelerated impulse waves 3 and (iii), which belong to the impulse wave (5) from last month. The price earlier broke the resistance level 775.00 (which is the upper border of the sideways wideays […]