Category: Technial Analysis
Type: Bullish Continuation Key Levels:Resistance:218.00Pivot:211.00Support:201.40 Preferred Case:Looking at the H4 chart, my overall bias for ALUMINIL is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 218.00, where the previous swing high is. Alternative Scenario:Price […]
Daily Market Outlook, January 13, 2023 Markets Poised To Post Weekly Back To Back Gains For The Start of 2023 Asian Equities are set to close out the week with a positive tone, following a whipsaw session on Wall Street, as investors digested US inflation data, markets are coalescing around the view that peak inflation […]
Type: Bullish Rise Key Levels:Resistance:87.97Pivot:82.36Support:80.37 Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 87.97, where the recent high is. Alternative Scenario:Price may […]
XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed a Hammer reversal pattern. Now it is going by the signal in an ascending wave. The goal of the growth is still 1900.00. Upon testing the resistance level, the pair will get a chance for breaking through it and continuing the uptrend. However, […]
Bitcoin has jumped above the level of 17000, signifying a potential rise. Since Bitcoin is volatile now, it is likely to undergo correction and gain the required support at the level of 16700 next to the local uptrend. The asset might potentially jump at the crossing point of this level and the local uptrend. So, […]
Type: Bullish Rise Key Levels:Resistance:12339.00Pivot:11465.00Support:10758.75 Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud,indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 12339.00, where the previous swing high is. Alternative Scenario:Price may […]
AUDUSD, “Australian Dollar vs US Dollar” The currency pair has pushed off the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6850 is expected, followed by growth to 0.7105. An additional signal confirming the growth will be a bounce […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, indicating prevalence of a downtrend. The RSI is approaching the resistance level. A test of 1/8 (0.9338) is expected here, followed by a bounce off it and falling to the support level of -1/8 (0.9216). The scenario can be […]
Daily Market Outlook, January 12, 2023 China Inflation Surprises On The Downside, Will The US Follow Suit? Overnight inflation data from China printed in line with expectations at 1.8% year over year, however, there was a downside surprise with respect to producer price inflation, which declined to -0.7% with market watchers pencilling in a -0.1%, […]
Type: Bullish Rise Key Levels:Resistance:81.06Pivot:73.40Support:74.33 Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 81.06, where the previous highs are. Alternative Scenario:Price may […]