Category: Technial Analysis

Adv GDP Up Next The big focus for traders today will be the release of advance quarterly GDP data in the US. Estimates peg the initial GDP reading for Q1 at 2%, down from 2.6% the prior quarter, which was itself a decline on the prior quarter’s 3.2% reading. If confirmed at 2%, the impact […]

EURUSD, “Euro vs US Dollar” The currency pair completed a structure of decline to 1.0992. Today the quotes have corrected to 1.1038. At the moment, the market is forming a new structure of a wave of decline to 1.0986. After it reaches this level, a link of growth to 1.1025 is expected, followed by a […]

Brent On H4, Brent quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI is nearing the resistance line. As a result, a downward breakout of 1/8 (78.12) is expected, followed by a decline to the support at 0/8 (75.00). The scenario can be canceled by rising above the resistance […]

TitleEURUSD H4 | React off resistance level TypeBearish Reversal  Preference: Price is nearing our pivot at 1.10758 which is multi swing high resistance, If price were to reverse from here, it could drop to 1st support at 1.09461 which is multi swing low support level. Alternative scenario:However, if it breaks above the pivot, it could […]

Meta Shares Break Higher  Shares in Facebook parent company Meta Platforms spiked after the close yesterday and are trading around 12% higher pre-market today following the release of a bumper set of earnings results for Q1. In terms of headline numbers, Meta posted Q1 EPS of $2.20, beating expectations for a $2.02 result. On revenues, […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2455 is expected, followed by growth to 1.2625. An additional signal confirming the growth will be […]

EURUSD, “Euro vs US Dollar” The currency pair completed a structure of a wave of growth to 1.1094. At a certain point, the market formed a consolidation range under this level. The quotes could drop to 1.1030 today. And if this level breaks as well, a pathway down to 1.0966 could open. GBPUSD, “Great Britain […]

TitleGBPUSD H1 | Bounce off from support level TypeBullish Bounce Preference:Price is approaching our pivot point at 1.24461 which is an overlap support level that lines up with 50% Fibonacci retracement.  A reverse from here it could rally to 1st resistance at 1.24958 which is swing high resistance level. Alternative scenario:However, if it breaks below […]

TitleBCOUSD H4 | Potential bounce TypeBullish Bounce Preference:Price is approaching our pivot point of 77.526 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 80.905. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 75.8. To discuss this trading idea, head […]

The Japanese yen against the US dollar has grown moderately. The current quote is 133.70. Two days of rising for the JPY were interrupted, which is rather logical. On Friday, the currency will set medium-term prospects for itself. That is, a meeting of the Bank of Japan is scheduled for Friday. There are lots of […]