Category: Technial Analysis
CCY Currencies Rallying Commodity currencies are seeing a strong start to the week across early trading on Monday. With the US Dollar still in decline following last week’s softer-than-forecast October CPI data, high-yielding currencies are benefiting nicely. Headline US inflation was seen cooling to 3.2% from 3.7% prior last month. This drop has been deemed […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2445 is expected, followed by a rise to 1.2605. An additional signal confirming the rise will be a rebound from the lower […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1.3780. Next, the price has a chance to break the resistance level and extend the uptrend. However, the quotes could pull back […]
TitleXAUUSD H4 | Bullish continuation expected? TypeBullish Bounce Preference: The price is falling toward our pivot point of 1971, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 2000, a swing high resistance. Alternative scenario: However, if the price breaks below […]
TitleUSDCAD H4 I Falling to support level? TypeBearish Drop Preference:Price has just reacted off our pivot point of 1.375, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.3663, a swing-low support level. Alternative scenario:However, if the price breaks above the […]
Gold Higher Again on Friday Gold prices are ending the week firmly higher with the safe-haven asset on track to record 4 winning days out of 5 this week. Following heavy selling over the prior fortnight, gold prices bottomed out on Monday and have recovered well throughout the week with prices now back above the […]
TitleGBPUSD H4 I Waiting for a pullback? TypeBearish Reversal Preference: The price is breaking thru our pivot point of 1.2397, wait for a pullback at the pivot point . A reversal from this point could lead the price to drop to the 1st support at 1.2320, a pullback support level. Alternative scenario: However, if the […]
The BTC rate is balancing around 36,422 USD by Friday. Yesterday, the market was buying, but, as it seems, the growing momentum has vanished. There were reasons for this. Meanwhile, technical levels are still relevant: first, the quotes need to establish a foothold near 38,000 USD, and then make an impressive push towards 42,000 USD. […]
The primary currency pair appears neutral on Friday. The current EURUSD exchange rate stands at 1.0832. Despite generally positive statistics earlier in the week, the US data disappointed yesterday, dampening market optimism. It all began with an employment market report. Initial jobless claims increased sharply over the week, reaching 231 thousand, while the indicator stood […]
TitleNZDUSD H4 | Rising toward resistance? TypeBearish Breakout Preference:The price is falling toward our pivot point of 0.5940, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 0.5997, a pullback resistance. Alternative scenario:However, if the price breaks below the pivot, it […]