Category: Technial Analysis
The British pound sterling appears weak against the US dollar. The current GBPUSD exchange rate stands at 1.2080. The US dollar has considerably strengthened its position over the last two days, which had a negative impact on other currencies, including the GBP. The market is gearing up for the release of a large amount of […]
The Japanese yen against the US dollar is falling at each time increasing speed. The current USDJPY exchange rate stands at 150.45. Well, USD has secured above the psychologically important level of 150.00. Earlier we discussed that this mark might have lost its significance because the Bank of Japan was giving no signals of being […]
TitleUS30USD H4 | Bullish reversal off pivot? TypeBullish Bounce Preference: Price is approaching our pivot point at 32887.4, which is a multi-swing low support level. If price bounce off the pivot point, price could potentially reverse from here and become bullish, to rise to the 1st resistance at 33247, which is a multi-swing high resistance […]
TitleSPX500USD H4 | Bullish reversal off 127.2% fibo? TypeBullish Bounce Preference: Price is hovering above our pivot point at 4157.2, which is an overlap support level, aligning with the 127.2% fibo extension. If price bounces off the pivot point, then price could rise towards the 1st resistance at 4205.4, which is a pullback resistance level. […]
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 might be 2010.00. Upon testing the resistance level, the price could break it and go on developing the uptrend. However, the quotes might correct to 1960.00 before […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0540. A decrease to 1.0533 might follow today. After the quotes reach this level, a link of correction to 1.0565 is not excluded (with a test from below). Next, a new wave of decline to 1.0480 is expected. This is the first […]
ETF Fever Bitcoin prices continue to push higher this week with BTC futures now trading at 17-month highs. The driver behind the move is the ongoing speculation regarding potential SEC ETC approval. BTC bulls have been bolstered recently by the SEC’s decision not to appeal against a court ruling in favour of Grayscale’s ETF application. […]
TitleXAUUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price is rising towards the pivot point of 1988.073 which is a pullback resistance that aligns with the 127.2% Fibonacci extension level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1951.118 which is an overlap support that […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI has broken the resistance line. In this situation, the quotes are expected to rise above 8/8 (150.00), from where they might proceed to +1/8 (150.78). The scenario can be cancelled by a […]
TitleEURUSD H4 | Reacting off a pullback resistance? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.06329, which serves as a pullback resistance level aligning with the 50% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.05276, an overlapping support level that aligns […]