Category: Technial Analysis
EURUSD, “Euro vs US Dollar” The currency pair has completed the main wave of growth to 1.0866. Today a wave of decline to 1.0707 should begin, followed by growth to 1.0786 and a decline to 1.0630, from where the trend might continue to 1.0545. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has […]
EURUSD, “Euro vs US Dollar” The currency pair is correcting after serious growth. The instrument is going above the Ichimoku Cloud, which indicates an uptrend. A test of the Kijun-Sen line at 1.0745 is expected, followed by growth to 1.1025. An additional signal confirming the growth will be a bounce off the lower border of […]
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 […]