Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.0540 is expected, followed by a decline to 1.0375. An additional signal confirming the decline will be a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be the support level of 1.0480. However, the price might correct to 1.0610 and continue the downtrend upon testing […]
TitleXAUUSD H4 | 38.2% Fibo resistance overhead TypeBearish Reversal Preference:Price is rising towards the pivot point of 1861.675 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1828.484 which is a pullback support […]
TitleUSDJPY H4 | Yen to strengthen further? TypeBearish Reversal Preference: Price could rise towards the pivot point of 149.427 which is a pullback resistance and potentially reverse from here; we could see momentum carry price down to its 1st support at 148.406 which is an overlap support that aligns close to the 38.2% Fibonacci retracement […]
The price of silver rebounded from the lower boundary of the downtrend, which is located next to the level of 20.80, and formed the bullish engulfing at the end of the trading week. The asset’s price is likely to rise, enter the broken uptrend, rebound, and drop. So, let’s observe what might happen. The currency […]
Oil prices resumed their downward trend on Wednesday following the release of employment data from ADP: Job growth was significantly lower than expected, with only 83K jobs added compared to the anticipated 156K. The accompanying commentary was equally disconcerting, highlighting a marked deceleration in job growth throughout September, primarily attributed to job reductions within large […]
The US Dollar saw an uptick following the Payrolls report, which unexpectedly exceeded the forecast in terms of job growth. The DXY dollar index rose above 106.50, once again targeting the bullish support level of 107: The US economy added 336,000 jobs in September, while the consensus forecast had anticipated 160,000. However, other indicators, such […]
EURUSD, “Euro vs US Dollar” EURUSD has made a corrective movement to 1.0550. At the moment, the market is consolidating under this level. A declining movement to 1.0487 could follow today. Practically, a wide consolidation range has formed around this level. With an escape from the range downwards, an extension to 1.0421 is not excluded. […]
Brent Brent quotes have broken the 200-day Moving Average on H4 and currently rest below it, indicating probable development of a downtrend. However, the RSI is already in the oversold area. As a result, in this situation, a test of 1/8 (82.81) is expected, followed by a rebound from this level and a rise to […]
TitleUSDCAD H4 | Falling to 23.6% Fibo support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36955 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37841 which is a swing-high […]