Category: Technial Analysis
BTC reached 30,710 USD on Friday, marking a weekly growth of 2.35%. Improvement in the domestic news landscape and the reestablished correlation with the US stock market are working in favour of the flagship cryptocurrency. At the same time, it should be noted that the rally is not formed yet because buyers remain cautious. For […]
The major currency pair was compelled to retreat by Friday. The current EURUSD quote is 1.0870. The focus the day before was primarily on the final US GDP report for the first quarter of 2023, which exceeded expectations. The US economy expanded by 2.0% from January to March, surpassing the previous growth estimate of 1.3% […]
TitleUSDCHF H4 | Potential resistance at 50% Fibo TypeBearish Reversal Preference:Price could approach the pivot point at 0.90059 and potentially reverse to drop towards the 1st support at 0.89555. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 0.9034. To discuss this trading idea, head over to Tickmill Traders […]
Better US Data Supporting Oil Crude prices are trading a little firmer on Friday with crude futures on course to end the week in the green. Better data out of the US is supporting the view that the US will avoid a recession, adding support for the crude demand outlook. However, while data out of […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0859. Today the market is forming a consolidation range above this level. The range might extend to 1.0899. Next, a decline to 1.0821 could follow, from where the decline could continue to 1.0744. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues […]
Brent Brent quotes on H4 are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a rebound from 4/8 (75.00) is expected, followed by a decline to the support at 2/8 (71.88). The scenario can be cancelled by rising above the resistance […]
The confidence level of central bank leaders in further interest rate hikes is increasing, as demonstrated by the ECB symposium in Sintra. Powell stated that the policy may not be restrictive enough, and current expectations regarding the duration of the period of high interest rates may be underestimated by the market. He also acknowledged the […]
TitleAUDUSD H4 | Bearish reversal from 23.6% Fibo TypeBearish Reversal Preference: Price could approach the pivot point at 0.6668 and potentially reverse to drop to the 1st support at 0.65938. Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance at 0.67178. To discuss this trading idea, head over to […]
EURUSD, “Euro vs US Dollar” EURUSD has left the borders of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0900 is expected, followed by a decline to 1.0660. An additional signal confirming the decline will be a rebound […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern next to the support level on H4. The instrument could now go by the reversal signal in an ascending wave. The growth target might be the resistance level at 1.0950. However, the quotes could correct to the 1.0825 level and continue the uptrend […]