Category: Technial Analysis
TitleEURUSD H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference: Price could fall to our pivot point at 1.0885, which is a pullback support level, aligning with the 23.6% fibo retracement and 100% fibo projection. If price bounces off the pivot point, then price could rise towards the 1st resistance at 1.0960, which is […]
Lagarde Warns Over Inflation Risks EURUSD is trading lower through the middle of the week having reversed sharply from yesterday’s highs around the 1.0960 mark. The reversal comes despite ECB’s Lagarde warning yesterday that the bank was not yet done with its fight against inflation, signalling that further tightening might still be needed. Lagarde’s comments […]
TitleUSDJPY H4 | Bearish continuation off 23.6% fibo? TypeBearish Reversal Preference: Price could rise up towards our pivot point at 148.15, which is a pullback resistance level, aligning with the 23.6% fibo retracement. We can expect price to reject this pivot point, and fall towards our 1st support at 147.33, which is a multi-swing low […]
The dollar index continues its search for lows this week; however, seller activity has diminished as the market overall remains relaxed, given that this week marks Thanksgiving in the United States: It is worth noting that the price has dropped below all three key moving averages (50, 100 and 200-day), increasing the likelihood of a […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. However, a divergence has formed on the RSI. As a result, a test of 4/8 (0.6591) is expected, followed by a rebound from this level and a decline to the support at […]
EURUSD, “Euro vs US Dollar” EURUSD has practically exhausted the potential for a growth wave at the 1.0964 level. A new consolidation range is expected to form around this level. With an escape from the range downwards, a decline wave to 1.0894 is expected to form. With a breakout of this level as well, the […]
TitleGBPJPY H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price is falling to our pivot point at 184.25, which is a pullback support level. If price bounces off the pivot point, then price could potentially rise towards the 1st resistance at 185.57, which is an overlap resistance level. Alternative scenario:If price breaks below the pivot […]
BTC Holds Near Highs Bitcoin futures continue to consolidate near recent highs on Tuesday. Following a strong rally across mid October – mid November, bullish momentum has faded a little with prices getting held up around the 37030 level. However, dips have been firmly bid and the market remains around that level currently, suggesting that […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be the support at 1.0910. However, the price could rise to 1.1000 and extend the uptrend without testing the […]
EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0895 is expected, followed by a rise to 1.1115. An additional signal confirming the rise will be a rebound from the lower boundary of […]