Category: Technial Analysis
Daily Trade Setups #DXY #USDCHF #USDCAD & #BTCUSD To access today’s real-time actionable analysis click here! Source: Tickmill
Copper Rallies on Tuesday Copper prices are rising today as traders digest news that China is considering a huge new stimulus package aimed at reviving falling stock markets. Reports overnight point to plans to mobilise around $300 billion in funds held in offshore accounts by state owned businesses. The capital will be used to invest […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI is testing the resistance area. In this situation, a downward breakout of the 4/8 (0.6591) level is expected, followed by a price decline to the support at 2/8 (0.6469). The scenario […]
The Japanese yen, paired with the US dollar, is about to decline further. The USDJPY exchange rate stands at 148.10. The Bank of Japan maintained its ultra-soft monetary policy at the January meeting. The interest rate remained at -0.10% per annum. The Central Bank made no changes to its credit and monetary policy structure and […]
The price of Apple stocks tested the maximum point at the level of 198.35, rebounded, and dropped. Currently, the asset’s price is trying to rise. The asset is targeting the resistance zone formed between levels 198.35 and 199.62. The price of this asset might potentially retest the previously reached level, rebound above the resistance, and […]
TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price could rise towards the pivot point of 0.61309 which is a pullback resistance level and potentially break above this level; we could see momentum carry price up to its 1st resistance at 0.61848 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Alternative scenario: […]
EURUSD, “Euro vs US Dollar” EURUSD has extended the consolidation range downwards to 1.0875. Today the market is forming a growth link, extending the range to 1.0913. Upon reaching this level, a new decline wave to 1.0838 could begin. This is the first target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues developing a […]
The primary currency pair continues to rise moderately on Tuesday, but overall, investors have adopted a wait-and-see attitude. The current EURUSD exchange rate stands at 1.0895. There have been few statistics so far, prompting the market to keep a close eye on the euro and speculate about the prospects of the European Central Bank’s future […]
TitleGBPJPY H4 | Rising to Fibo level TypeBullish Bounce Preference:The price is on the pivot point at 188.538, the swing-high resistance, if it breaks the pivot point price might continue to rise to 1st resistance level at 190.154, which aligns with the 61.8% Fibonacci projection level. Alternative scenario: The price could reverse from the pivot […]
TitleFalling to Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34232 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35274 which is a pullback resistance level. Alternative scenario:If price breaks below the pivot point, it […]