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TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 0.8589 which is a pullback support level and could potentially break under from here; we could see momentum carry price down to its 1st support at 0.85623 which is a pullback support level. Alternative scenario:If price breaks above the pivot point, it […]
ETH Breaks Out Yesterday’s historic announcement that the SEC has approved 11 spot-Bitcoin ETFs for public trading has fuelled a wave of excitement across crypto markets. While Bitcoin is seeing a relatively muted response so far, ETH has been the standout winner. The market soared yesterday on the news trading back up to its highest […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the resistance level. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of upper boundary of the Cloud at 1.0995 is expected, followed by a decline to 1.0825. The decline could be additionally supported by a rebound from the upper boundary […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3300. Next, the price could break the level and extend the downtrend. However, the quotes might correct to 1.3440 before the […]
Silver rebounded from the downtrend. The asset’s price is now heading south. Currently, the price of silver is forming a flag. Should the silver break this flag, it might eventually test the supporting zone formed between levels 22.00 and 22.30 and located next to the weekly uptrend. Silver is likely to rebound from the crossing […]
TitleEURUSD M15 | Bearish reversal? TypeBearish Drop Preference:Price has just reacted off our pivot point of 1.0977, which serves as a multi swing high resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.0938, an overlap support level. Alternative scenario:If the price breaks above the pivot, […]