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BRENT In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to break 6/8 and then continue moving upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the asset breaks 5/8 to the […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Stick Sandwich reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its rising impulse. In this case, the upside target remains the resistance area at 1830.00. At the same time, an opposite scenario […]
Type: Bullish BounceKey Levels:Resistance: 0.72269Pivot: 0.71115Support: 0.70865Preferred Case:Prices are on bullish momentum. We see the potential for a bounce from our Pivot at 0.71115 in line with 23.6% Fibonacci retracement towards our 1st resistance at 0.72269 in line with 78.6% Fibonacci extension. Prices are trading above Ichimoku, further supporting our bullish bias.Alternative Scenario:Alternatively, prices may […]
Type: Bullish BounceKey Levels:Resistance: 83.739Pivot: 82.121Support: 81.403Preferred Case:Prices are on bullish momentum. We see the potential for a bounce from our Pivot at 82.121 in line with 38.2% Fibonacci retracement towards our 1st resistance at 83.739 in line with 61.8% Fibonacci extension and 200% Fibonacci Projection. Prices are trading above our ichimoku cloud support further […]
• EURNZD broke key resistance level 1.7150 • Likely to rise to resistance level 1.7500 EURNZD currency pair continues to rise sharply after breaking the key resistance level 1.7150 (previous multi-month high from the middle of last August). The breakout of the resistance level 1.7150 accelerated the active intermediate impulse wave (5). EURNZD currency pair […]
Texas Senator who talks a big game actually has something to show for it. 1398 Total views 37 Total shares Rafael ‘Ted’ Cruz, the junior Republican senator from Texas, is putting his money where his mouth is. According to a financial disclosure filed on Friday 4th Feb, Cruz bought between $15k and $50k worth of […]