Category: Technial Analysis
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which reveals the prevalence of a downtrend. The RSI has broken the support line. As a result, we expect a downward breakout of the level of 4/8 (131.25), after which the price could continue falling to the support at […]
TitleXAUUSD, H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1991.292 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1945.885. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 2010.04. To discuss this trading idea, […]
Daily Market Outlook, April 04, 2023 RBA Tap The Breaks On Rate Rises Asian equity markets traded with a mixed tone, with some centres carving out modest gains, the upside was capped given the the choppy action seen on Wall Street, where manufacturing data indicated a further retreat in inflationary pressures and a softening in […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is pushing off the support area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 131.35 is expected, followed by growth to 136.55. An additional signal confirming the decline will be a rebound from the […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance level, the quotes have formed a Shooting Star reversal pattern. Currently, the instrument can go by the reversal signal in a descending wave. The target for the correction might be 1.0890. However, the price may rise to 1.1000 and continue the uptrend without correcting to […]
Daily Market Outlook, April 05, 2023 RBNZ Hit The Gas And Raise Rates As Gold Shines Above $2000/oz Asian equities are trading with a mixed tone after a less than convincing close on Wall Street, with the benchmarks all closing in the red as an initial decline in JOLTS job openings sparked a rally on […]
TitleETHUSD, H4 | Hitting resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1835.69 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1742.9. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1860.61. To discuss this trading idea, head […]
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TitleDXY H4| Bounced off from 1st support TypeBullish Bounce Preference:Price has bounced off from our pivot point at 101.6207, which is multiple swing low support along with 78.6% Fibo retracement. If price were to reverse from here, it could potentially push up to the 1st resistance at 102.6303, which is a swing high resistance Alternative […]
EURUSD, “Euro vs US Dollar” The currency pair completed a link of growth to 1.0862. The market has formed a consolidation range around it. If the price breaks the range upwards, it could be extended to 1.0915. A link of correction to 1.0862 (a test from above) could develop today. Then growth to 1.0938 is […]