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 reveals a downtrend. A test of the lower boundary of the Cloud at 1.0765 is expected, followed by a decline to 1.0565. An additional signal confirming the decline could be a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are in the oversold area on H4. The RSI has broken the resistance line. In this situation, a breakout of 0/8 (1.0742) is to be expected, followed by a price rise to the resistance at 1/8 (1.0803). The scenario can be cancelled by a downward breakout of the […]
Dollar Stalls on JPY Drive The US Dollar is starting the week under pressure. The DXY has fallen around 0.6% from last week’s highs across early European trading on Monday. Hawkish comments from BOJ’s Ueda have fuelled a narrowing of the US/Japan yield spread which is driving JPY high, weighing on the Dollar. The main […]
TitleGBPJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference:Price is reacting to our pivot point at 182.91, which is a pullback support level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. If price closes above the pivot point, then price could rise towards the 1st resistance at 184.19, which is a […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target could be the resistance level of 1.0760. However, the price might drop to 1.0680 and continue the downtrend without any correction. […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0717. Today the market could extend the range to 1.0750. The correction might continue to 1.0790 (with a test from below). After it will be over, a new link of decline to 1.0680 is expected. This is a local target. After the price […]
TitleEURUSD H4 | Bouncing off support level? TypeBullish Bounce Preference: The price is declining toward our pivot point of 1.06897. A bounce from this level could lead the price to rally toward the 1st resistance at 1.07381 which is an overlap resistance level Alternative scenario:However, if the price breaks below the pivot, it might decline […]
Daily Market Outlook, September 11, 2023 Munnelly’s Market Commentary… Asian equity markets displayed a mixed performance driven by rising yields, triggered by comments from BoJ Governor Ueda. Ueda mentioned the possibility of having enough data by year-end to decide on ending negative interest rates, emphasising a smooth exit strategy. This led to varied outcomes in […]
The BTC exchange rate on Wednesday returned to 26,248 USD. Over the past day and a half, the market has corrected all the oversold conditions from the past week. On the one hand, this is not bad: quotes were quite low and seemed interesting for acquisitions. On the other hand, nothing has changed fundamentally in […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a declining movement to 1.0686. Today the market is correcting to 1.0728. When the correction is over, a drop to 1.0670 is expected. This is a local target. Next, a correction to 1.0900 might begin. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a wave […]