Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD is correcting after bouncing off the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0865 is expected, followed by growth to 1.1095. An additional signal confirming the decline will […]
EURUSD, “Euro vs US Dollar” On H4 near the resistance, EURUSD has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1.0860. However, the price may grow to 1.0990 and continue the uptrend without testing the support. USDJPY, […]
TitleDXY H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 102.0399 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.979. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 102.6983. To discuss this trading idea, […]
TitleETHUSD H4 | Bounce off support TypeBullish Bounce Preference:Price is close to our pivot level of 1848.54 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1943.61. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1781.83. To discuss this trading […]
EURUSD, “Euro vs US Dollar” On H4, the quotes have rebounded from 8/8 (1.0986), which indicates the development of a correctional decline in the price. The RSI has broken the support line. In these circumstances, a test of 6/8 (1.0864) is expected, after which the price could break it and fall to the support at […]
The BTC on Monday saw an increase to 28,272 USD. The weekly rise in the leading cryptocurrency amounts to 2.18%. It should be noted that over three weeks starting on 23 March, trade volumes of the BTC have dropped almost five times, currently being about 75 thousand BTC a day. This fact might be a […]
The BTC on Friday dropped to 27,935 USD. The leading cryptocurrency goes on fluctuating in a rather narrow range. On the one hand, this has to do with the expected slump in investing activity: it is Good Friday today in most European countries, the US, and Australia. On the other hand, buyers failed to use […]
The situation with the unemployment claims in the US is, indeed, weird. For many weeks, this report used to be a stronghold of stability and optimism that represented confidence of the employment sector. Everything changed last week, when the figure of primary claims sky-rocketed to 246 thousand from the average median value of 195-200 thousand. […]
Due to Good Friday, the currency markets are seeing some minor changes with low trading volumes and reduced liquidity. The Non-Farm Payrolls report briefly shook up prices, but it mostly met market expectations with job growth at 236K (forecasted 239K) and a 0.3% increase in wages, as anticipated. However, unemployment dropped to 3.5%, and the […]
Brent On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is approaching the support line. A test of 4/8 (87.50) should be expected, followed by growth to the resistance at 5/8 (90.62). The scenario can be canceled by a breakout of 3/8 (84.38) downwards. In […]