Category: Technial Analysis

EURUSD, “Euro vs US Dollar” Having completed the descending wave at 0.9639 along with the ascending structure towards 0.9777, EURUSD is consolidating around the latter level. If later the price breaks the range to the upside, the market may start a new growth to reach 0.9940 and then resume trading downwards with the target at […]

BRENT In the H4 chart, after breaking the 200-day Moving Average once again, Brent is trading above it to indicate a possible ascending tendency. The Relative Strength Index has also broken the descending trendline. In this case, the pair is expected to test 7/8 (96.88), break it, and then continue growing towards the resistance at […]

• Aluminum reversed from resistance level 2368.70 • Likely to fall to support at 2300.00 Aluminum recently reversed down from the key resistance level 2368.70 (which has been reversing the pair from the middle of August). The resistance area near the resistance level 2368.70 was strengthened by the upper daily Bollinger Band and by the […]

EURUSD, “Euro vs US Dollar” EURUSD has fixed above the resistance level. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9815 and then resume moving downwards to reach 0.9475. Another signal in favour of a further […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance area during the pullback, EURUSD may reverse in the form of a new descending wave. In this case, the downside target may be at 0.9595. However, an alternative scenario implies that […]

• Dow Jones reversed from support level 28620.00 • Likely to rise to resistance level 30500.00 Dow Jones index recently reversed up from the key support level 28620.00 (which stopped the previous short-term impulse wave 1), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 28620.00 stopped the earlier impulse […]

• GBPJPY reversed from resistance level 167.40 • Likely to fall to support level 165.3. GBPJPY currency pair recently reversed down from the strong resistance level 167.40 (which is the upper boundary of the sideways price range inside which the pair has been moving from April). The resistance area near the resistance level 167.40 was […]

The BTC is rising on Friday – the asset is mostly trading at $19,605. Yesterday, the market was very nervous and is still trying to reach stability. At the same time, the BTC dropped to $18,183 amid exchange sales but managed to recover pretty fast. As we can see, the support area between $18,000-$19,000 was […]

The major currency pair is stable on Friday. The current quote for the instrument is 0.9780. Yesterday the US released this week’s key report, the CPI for September. The indicator dropped to 8.2% y/y after being 8.3% y/y in August, which is quite good. However, on MoM, it added 0.4% against the expected reading of […]

• GBPAUD reversed from resistance zone • Likely to fall to support level 1.7400 GBPAUD currency pair recently reversed down from the resistance zone lying between the strong resistance level 1.7650 (which has been reversing the pair from July) and the upper daily Bollinger Band. The downward reversal from this resistance zone is aligned with […]