Category: Technial Analysis
Title ETHUSD H4 | Falling to overlap support Type Bullish Bounce Preference: Price is approaching the pivot point of 1791.48 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1858.27. Alternative scenario: If price breaks below the pivot point, it could hit the 1st support of […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0707. Today the market has started developing a correction to 1.0755. This is the first target. After the price reaches this level, a correction might follow to 1.0730. Next, growth to 1.0790 is expected. GBPUSD, “Great Britain Pound vs US […]
Brent On H4, Brent quotes are testing the level of 0/8 (75.00) that acts as a support level for the price and the upper border of the oversold area. The RSI has rebounded from the support line. Currently, a rebound from 0/8 (75.00) is expected, followed by a rise to the resistance at 2/8 (81.25). […]
Daily Market Outlook, May 26 , 2023 Asian equity markets generally strengthened, taking cues from the rally in the US driven by AI technology stocks. Additionally, reports surfaced indicating progress in resolving the US debt ceiling issue, with discussions revolving around raising the debt limit and implementing spending caps for the next two years. While […]
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EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.0770 is expected, followed by a decline to 1.0575. An additional signal confirming the decline will be a rebound from the upper […]
XAUUSD, “Gold vs US Dollar” Near the support level, Gold has formed a Hammer reversal pattern. The instrument could now go by the reversal signal in an ascending wave. The growth target might be 1965.00. After testing the resistance, the price could rebound from it and continue the downtrend. However, the quotes could drop to […]
TitleBTCUSD H4 | Potential bullish momentum TypeBullish Breakout Preference:Price is approaching the pivot point of 26292.14 and could potentially breakout from here, we could see momentum carry price up to its 1st resistance of 27393.61. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 25810.62. To discuss this trading […]
American stock index S&P500 rebounded from the upper boundary of the range, that is, the resistance level of 4195. Currently, the index is going down, targeting the opposite side of the range. The price of the index is likely to rebound from the supporting level of 4060 and head toward the opposite boundary of the […]
TitleXAUUSD H4 | Falling to support TypeBullish Bounce Preference:Price is approaching the pivot point of 1952.557 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1980.333. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1937.084. To discuss this trading […]