Category: Technial Analysis
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Shooting Star reversal pattern. Currently, the currency pair is going by the reversal signal in a descending wave. The target of the decline might be 1.3495. The price has a chance to break it and continue the downtrend. However, the price may pull […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0844. Extension of the range to the level of 1.0870 is not excluded. Next, we expect a decline to 1.0820, followed by a link of growth to 1.0844. After the price reaches this level, it could drop to 1.0800. And after […]
TitleBCOUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price could approach our pivot level of 80.514 and reverse from here, we could see momentum move price down to its 1st support of 76.972. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 83.401. To discuss this trading idea, head […]
TitleES1!, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching our pivot level of 4035.97 and reverse from here, we could see momentum move price down to its 1st support of 3932.12. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 4083.38. To discuss this trading idea, head […]
TitleBTCUSD, H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching our pivot level of 28228.36 and potentially reverse from here, we could see momentum carry price down to its 1st support of 26052.6. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 28962.05. To discuss this trading idea, […]
TitleAUDUSD, H4 | Potential bearish reversal TypeBullish Bounce Preference:Price is approaching our pivot level of 0.6637 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.6782. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 0.65647. To discuss this trading idea, […]
The Japanese yen against the US dollar on Wednesday is declining moderately. The current quote is 131.79. In his speech today, the acting head of the Bank of Japan Haruhiko Kuroda mentioned that the country had come closer to the inflation target of 2% than before. At the same time, wages are getting under more […]
EURUSD on Wednesday keeps growing. The current quote is 1.0840. As long as investors are calming down about the prospects of a banking crisis in the US and Europe, the start paying more interest to EURUSD. According to the statistics from yesterday, the Conference Board CCI in the US in March grew to 104.2 points […]
EURUSD, “Euro vs US Dollar” The currency pair goes on developing a consolidation range around 1.0830. The range could extend to 1.0860. Then we expect a decline to 1.0770. And if this level breaks as well, a pathway down to 1.0690 could open. The target is local. GBPUSD, “Great Britain Pound vs US Dollar” The […]
USDJPY, “US Dollar vs Japanese Yen” On H4, USDJPY quotes are under the 200-day Moving Average, which means the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, the level 4/8 (131.25) could break downwards, and the price could fall to the support level 2/8 (128.12). The scenario can be […]