News

Type: Bearish Momentum Key Levels:Resistance:671.75Pivot:661.50Support:632.50 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head towards the support line at 632.50 where the 50% fibonacci line is located. Alternative […]

Type: Bullish Momentum Key Levels:Resistance:1.06680Pivot:1.01265Support:1.03965 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud and breaking the descending trendline, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 1.06680, where […]

EURUSD, “Euro vs US Dollar” On H4, at the resistance level the pair has formed a Shooting Star reversal pattern. Currently, the pair may go by the signal in a correctional wave. The goal of the decline will be 1.0311. However, the price may still continue the uptrend with our correcting to the support level. […]

Technical & Trade View AUDUSD Bias: Bullish Above Bearish below .6650 .6760 Target Achieved, New Pattern Emerging Technicals Primary support is .6650 Primary upside objective is .6900 Next pattern confirmation, acceptance above .6775 Failure below .6620 opens a test of .6550 20 Day VWAP bullish , 5 Day VWAP bullish Today’s New York Cut Option […]

Real Wages Falling  The latest economic data out of the UK today has further heightened fears of a recession there. in the three months through August 2022, the unemployment rate was seen ticking back up to 3.6% from 3.5% prior.  At the same time, wages were seen rising just 6%, down from the prior 3-months’ […]

EURUSD, “Euro vs US Dollar” The pair has secured under the Tenkan-Sen line and is preparing to develop a correction by the Head and Shoulders pattern. The pair is going above the Ichimoku Cloud, which indicates an uptrend. A test of the Kijun-Sen line at 1.0220 is expected, followed by growth to 1.0685. An additional […]