Category: Technial Analysis
TitleDE30EUR H4 | Rising into 23.6% Fibo resistance TypeBearish Reversal Preference: Price is rising towards the pivot point of 15562.55 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 15448.71 which is […]
TitleNZDUSD H4 | Bearish reversal off 50% Fibo? TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.59399 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.58807 which is a […]
As expected, the Bank of Japan today left its interest rate unchanged at -0.1%. The accompanying statement remained virtually unchanged: the central bank reassured that it could raise the rate once suitable conditions emerge or ease its policy if its long-term inflation target again becomes a remote prospect. Therefore, the impact on the yen was […]
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EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. At the current stage, the instrument is going by the reversal signal in an ascending wave. The pullback target might be the resistance level of 1.0700. However, the price could fall to 1.0590 and continue the downtrend […]
Brent Brent quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI is testing the resistance line. In this situation, the quotes are expected to rise above 8/8 (93.75), amounting to the resistance level of +1/8 (95.31) later. The scenario can be cancelled by a downward breakout of […]
The price of silver is slowly rebounding back to the downtrend. The asset’s price might potentially rebound again at the crossing point of the downtrend and resistance level of 25.00 and drop. Hence, you could follow the price movements and candlestick formations next to the abovementioned levels. Let’s observe what might happen next. The currency […]
BOJ Holds Steady The Japanese Yen has come under fresh selling pressure today on the back of the September BOJ meeting yesterday. The Bank of Japan held rates unchanged at yesterday’s meeting, in line with expectations. Explaining its decision, the bank cited the “extremely high uncertainties” facing both the domestic and global economy and noted […]
The BTC exchange rate could not support the growing momentum and slid back to 26,654 USD. Once again, the same scenario is developing in the digital asset market. The price of the flagship cryptocurrency gradually drops, and the market starts buying vigorously. The value rises by 4-5%, and then just as quickly falls back down […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2325 is expected, followed by a decline to 1.2085. An additional signal confirming the decline will be a rebound from the upper […]
