Category: Technial Analysis
EURUSD, “Euro vs US Dollar” The pair has reached the local goal of the wave of growth at 1.0090. Today the market is forming a consolidation range under this level. The range may extend upwards to 1.0157. After this level is reached, a wave of decline should start to 0.9855. GBPUSD, “Great Britain Pound vs […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes have broken through the 200-day Moving Average and are now below it, which indicates possible development of a downtrend. However, the RSI is nearing the oversold area. As a result, we should expect a decline to the nearest support at 4/8 (0.9765), after which correctional […]
• CHFJPY reversed from resistance level 150.40 • Likely to fall to support level 146.00 CHFJPY currency pair recently reversed down from the key resistance level 150.40 (which has been steadily reversing the pair from the start of September) strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 150.40 started […]
• GBPCAD reversed from resistance level 1.5720 • Likely to fall to support level 1.5360 GBPCAD recently reversed down from the key resistance level 1.5720 (which has been steadily reversing the pair from the start of August) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.5720 stopped the previous […]
GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the Tenkan-Sen line. The pair is going above the Ichimoku Cloud, which means an uptrend. A test of the Kijun-Sen line is expected at 1.1550, followed by growth to 1.1955. An additional signal confirming the growth will be a bounce off the lower border […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Harami reversal pattern. Currently, the pair may go by the signal, forming an ascending wave. The goal of growth will be 1.3690; it may be later broken away so that the price will continue the uptrend. However, the […]
The Australian dollar against its US colleague has stabilised after a wave of growth. The current quote is 0.6473. The Reserve Bank of Australia doubts the economic perspectives due to high inflation. In a tweet posted yesterday, the RBA still expresses its resignation to keep lifting the interest rate until inflation is brought to order. […]
EURUSD is above parity, waiting for decisive steps of the ECB. On Thursday, the market major continues its advance. The current quote is 1.0070. The main reason for the optimism of the EUR is rooted in the hope that the meeting of the European Central Bank scheduled for today will end up in some bright […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, indicating an uptrend. The RSI has bounced off the support level. Currently, the pair is expected to rise over 7/8 (148.43) and to reach the resistance level of 8/8 (150.00). The scenario can be cancelled by a downward breakaway […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Going by the signal, the pair is forming a correctional wave. The goal of growth will be 1675.50. After a test of the resistance level, the pair might bounce off it and continue the downtrend. However, the quotes may […]