Category: Technial Analysis

BTC stopped again, HT continues rally. The BTC was growing quite noticeably for 2 sessions in a row but on Monday it is going back moderately again. It is mostly fluctuating near 19,272 USD. Last Friday, the BTC dropped to 18,650 USD at times after the US stock market crashed. However, later the stock indices […]

On Monday, the EURUSD major looks quite stable. The current quote is 0.9840 In the US Fed, they are discussing an increase in the interest rate by 75 base points again, as reported in a WSJ publication. Some members of the monetary committee do not exclude the chance for a slow-down in the tightening of […]

• USDJPY rising inside impulse wave (iii) • Likely to test resistance level 152.50 USDJPY continues to rise inside the short-term impulse wave (iii), which belongs to the higher order impulse waves 3 and (5). The pair earlier broke the resistance trendline of the daily up channel from March – which added to the bullish […]

EURUSD, “Euro vs US Dollar” EURUSD worked off a downward wave to 0.9752 and a correction to 0.9844. Today the market is forming another wave of decline to the level of 0.9733. After its breakdown, we expect the formation of the consolidation range around this level. Upon release from the range down, we will consider […]

• Natural gas falling inside impulse wave (c) • Likely to fall to support level 5.365 Natural gas continues to fall inside the short-term impulse wave (c) which previously broke the support level 6.500 (which stopped wave (i) in September) and the 61.8% Fibonacci correction of the upward price move from January. The active impulse […]

• EURGBP reversed from support level 0.8600 • Likely to rise to resistance level 0.8800 EURGBP currency pair recently reversed up with the daily Long-legged Doji from the pivotal support level 0.8600 (which has been reversing the pair from the middle of July), which stopped the previous wave C. The support level 0.8600 was further […]

The main cryptocurrency is gradually declining. By Friday, the price is fluctuating around 19030 USD. The BTC is getting closer and closer to the strong support area of 18000-19000 USD. Let’s see if it holds back these not aggressive, but consistent bear attacks. The main market motive is still the expectation of a future interest […]

The British pound sterling is down against the US dollar on Friday. The current quote in GBPUSD is 1.1190. So, another political intrigue in the UK has been resolved. Prime Minister Liz Truss has resigned over the consequences of the economic programme she was promoting. “A ‘split’ in the ranks of the Conservative Party is […]

• Gold reversed from support level 1652.00 • Likely to rise to resistance level 1675.00 Gold recently reversed up from the key support level 1652.00 (which stopped the previous impulse wave (i) at the end of September), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1652.00 stopped the earlier […]

• USDCHF under bearish pressure • Likely to fall to support level 0.9930 USDCHF under the bearish pressure after the price reversed down from the major resistance level 1.0050 (which stopped all upward impulses from the middle of May). The resistance level 1.0050 was strengthened by the upper daily Bollinger Band and by the resistance […]