Category: Technial Analysis
On Wednesday, the market major reached parity. The current quote is 1.0000. On the one hand, the US dollar got seriously affected by the disappointing statistics from yesterday. The Conference Board CCI in October dropped to 102.5 from 107.8 previously. The forecast had suggested a decline to 105.90. The dwelling prices statistics never impressed the […]
EURUSD, “Euro vs US Dollar” Today the pair continues forming a consolidation range around 0.9877. Another link of growth to 0.9944 is expected, and after it is reached, a decline to 0.9791 might start. GBPUSD, “Great Britain Pound vs US Dollar” The pair continues forming a consolidation range around 1.1326. Another link of growth to […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI has broken through the support level. A test of 3/8 (0.6225) should be expected, followed by a breakaway and falling to the support level of 2/8 (0.6103). The scenario can be cancelled […]
• USDCHF reversed from resistance level 1.0050 • Likely to fall to support level 0.992 USDCHF recently reversed down from the key multi-month resistance level 1.0050 (which has been reversing the price from May), intersecting with the upper daily Bollinger Band and the resistance trendline of the daily up channel from August. The downward reversal […]
• Natural gas reversed from support level 5.370 • Likely to rise to resistance level 6.500 Natural gas recently reversed up from the support level 5.370 (previous multi-month low from July), standing near the lower daily Bollinger Band. The upward reversal from the support level 5.370 created the daily candlesticks pattern Piercing Line, which started […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Harami reversal pattern. If the pair now goes by the signal, it will end up in a descending wave. The goal of the decline is 0.9795. However, the pair may still rise to 0.9925, bounce off it, and continue […]
On Tuesday, the British pound against the US dollar looks neutral. The current quote is 1.1300. The main political intrigue of Great Britain got solved faster than anyone could expect. The new head of the Conservative Party and simultaneously the new PM was elected Rishi Sunak. He is the first PM of Indian origin and […]
On Tuesday, the currency major remains neutral. The current quote is 0.9880. On the whole, capital markets have been stable for two days already. This, however, might be a still before a storm. The German business sentiment index in October dropped to 84.3 from 84.4 previously. Statistics turned out better than expected but globally gives […]
AUDUSD, “Australian Dollar vs US Dollar” The pair is going above the Ichimoku Cloud, indicating an uptrend. A test of the upper border of the Cloud at 0.6305 is expected, followed by growth to 0.6525. An additional signal confirming the growth will be a bounce off the upper border of the descending channel. The scenario […]
EURUSD, “Euro vs US Dollar” On H4, the quotes failed to rise over the 200-days Moving Average and for now remain under it. The RSI has bounced off the resistance level. A test of 0/8 (0.9765) is to be expected, followed by a breakaway and falling to the support level of -1/8 (0.9643). The scenario […]