News

Type: Bearish Drop Key Levels:Resistance: 1917.5Pivot:1744.0Support:1656.5 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head back down to retest the pivot at 1744.0, where the 23.6% Fibonacci […]

On Thursday, the market major is declining. The current EURUSD quote is 1.0620. USD owes it mainly to the growth of the US state bonds yield. The return on 10-year bonds has reached the month peak. This provoked recovery of the USD and a local decline of the main currency pair. The market is quiet. […]

EURUSD, “Euro vs US Dollar” The currency pair completed an impulse of decline to 1.0610. Today the market is consolidating above this level. The range m8ght extend to 1.0638. Then a decline to 1.0581 should follow. With an escape from the range downwards, the wave of decline should continue to 1.0550. The goal is first. […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. The pair is now going by the signal in an ascending wave. The goal of the growth will be 1.3675; later the price may break through the resistance level and extend the uptrend. However, the […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the resistance line. Further falling to the nearest support at 3/8 (0.9155) is expected. The scenario can be cancelled by an upward breakaway of 4/8 (0.9277). In this […]

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 […]