Category: Technial Analysis
On Wednesday, the market major is decreasing moderately, while the market is waiting for the decision of the Federal Reserve System. The current quote is 0.9870. The demand for the US currency is growing before the two-day meeting of the US Fed ends. Almost without a doubt, the rate will be raised by 75 base […]
EURUSD, “Euro vs US Dollar” On H4, at the pullback near the support level, the pair has formed a Doji reversal pattern. Currently, the pair may go by the signal in the form of an ascending wave. The goal of growth will be 1.0010. However, the price may pull back to 0.9845, bounce off this […]
The BTC paused again. On Wednesday, it mainly fluctuates near 20,507 USD. Investors are saving powers before the Federal Reserve System decides anything about the interest rate. The main forecast implies an increase by 75 base points to 4% annual. According to the CME, the probability of such a scenario is 86%. However, the main […]
Japanese yen against the US dollar today is quite balanced. The current quote is 147.17. Today the minutes of the last meeting of the Bank of Japan have been published. It says that the Japanese economy is speeding up, and in the long run the weakness of the yen will augment overseas economic activity. Monetary […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the resistance level, the pair has formed a Sandwich reversal pattern. Currently, the pair is going be the signal in a descending wave. The goal of the pullback will be 1.3545. Later the price may bounce off the support level and continue the uptrend. However, the […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI earlier bounced off 70 and is going down step by step. Currently, we should expect a test of 4/8 (0.6347), a breakaway of it, and falling to the support level of […]
• USDCAD reversed from support level 1.3530 • Likely to rise to resistance level 1.3795 USDCAD recently reversed up from the support level 1.3530 (low of wave (iv) from the start of October), intersecting with the lower daily Bollinger band, upper trendline of the daily up channel from April and 38.2% Fibonacci correction of the […]
• EURNZD broke key support level 1.7065 • Likely to fall to support level 1.6755 EURNZD recently broke through the key support level 1.7065 (which has been reversing the price from the start of October), intersecting with the 38.2% Fibonacci correction of the upward impulse from September. The breakout of the support level 1.7065 accelerated […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of growth to 1.0080 and a minimal correction to 0.9890. At the moment, the market is forming a consolidation range above this level. An escape downwards and extension of the range to 0.9800 are not excluded. Next, we expect a structure of growth […]
EURUSD, “Euro vs US Dollar” The pair completed correction to 0.9880. Today a wave of growth to 0.9988 might start. After this level is reached, a link of decline to 0.9930 is expected. Practically, a consolidation range is forming between these levels. With an escape upwards, a pathway to 1.0150 will open. GBPUSD, “Great Britain […]