Category: Technial Analysis
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2615 is expected, followed by a decline to 1.2365. An additional signal confirming the decline will be a rebound […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could remain at 2070.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could pull back to 2005.00 before […]
Title:GBPUSD H4 I Continue to support level? TypeBearish Drop Preference:The price is falling from our pivot point of 1.2586, A fall from this point could lead the price to fall to the 1st support at 1.2499, a pullback support. Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance […]
TitleAUDUSD H4 I Bearish reversal? TypeBearish Drop Preference:The price is currently at our pivot point of 0.6605, which serves as an overlap resistance level that closes to the 61.8% fibo retracement. A reverse from this point could lead the price to fall to the 1st support at 0.6529, an overlap support. Alternative scenario:However, if the […]
USDJPY Continues Lower The Japanese Yen is rallying firmly against the Dollar today with USDJPY extending its recent decline. The pair has fallen from high of around high 151 to current levels around low 145. The shift in outlook on the Fed has been the main driver of the move lower in recent months. However, […]
Last week, the currency pair EUR/USD rebounded from the level of 1.1000. Currently, the asset is approaching the supporting zone formed between levels 1.0670 and 1.0640. The price of this asset is likely to rebound from this zone and rise. The recent trend can be considered a mere correction from the achieved maximum points. The […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the support level on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0895. However, the price could correct to 1.0710 and extend the uptrend after testing the support. […]
Crude Breaks Support Crude oil prices sank to fresh 5-month lows yesterday as a combination of concerns over the Chinese economy and excess supply in the oil market weighed on sentiment. News that Moody’s has downgraded its credit outlook on China to negative, along with a slew of Chinese corporates, has caused some pause in […]
The deep dive of USDJPY on Thursday, which shed 1.5%, has raised eyebrows, and the culprit appears to be the Bank of Japan’s potential departure from its negative interest rate policy. Contrary to the conventional narrative of risk aversion triggering yen gains, this move seems intricately linked to policy considerations. The yen’s ability to maintain […]
EURUSD, “Euro vs US Dollar” EURUSD is declining by a bearish impulse. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 1.0785 is expected, followed by a decline to 1.0585. An additional signal confirming the decline will be a rebound from the upper boundary of […]