Category: Technial Analysis

• AUDUSD under bearish pressure • Likely to fall to support level 0.6200 AUDUSD under the bearish pressure after the earlier breakout of the support zone lying at the intersection of the support level 0.6400 (low of the earlier impulse wave (i)) and the support trendline of the daily down channel from April. The breakout […]

• USDCHF under bullish pressure • Likely to rise to resistance level 1.0050 USDCHF under the bullish pressure after the earlier breakout of the key resistance level 0.9940 (which has been reversing the pair from the end of September). The breakout of the resistance level 0.9940 accelerated the active short-term impulse waves (c) and 3. […]

The BTC is declining smoothly. On Monday, it is balancing near 19,427 USD. On Monday, the leading crypto is very restrained. It is a day off in the US today, so a part of investors will be away from the market. This can cause a decline in the volatility. There are still very few chances […]

EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9748, EURUSD is consolidating there. Possibly, the pair may resume falling to break 0.9680 and then continue trading downwards with the target at 0.9500. GBPUSD, “Great Britain Pound vs US Dollar” Having formed a new consolidation range around 1.1154 and breaking it to the […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance level, USDCAD may reverse in the form of a new descending wave. In this case, the downside correctional target may be at 1.3665. Later, the market may rebound from the […]

The major currency pair remains weak. The current quote for the instrument is 0.9720. The labour market statistics for September published by the US last Friday were quite positive. For example, the Unemployment Rate dropped to 3.5% after being 3.7% the month before, although it wasn’t expected to change. The Average Hourly Earnings added 0.3% […]

• AUDNZD reversed from support level 1.1255 • Likely to rise to resistance level 1.1400 AUDNZD currency pair earlier reversed up from the support level 1.1255 (former monthly high from August), upper trendline of the recently broken up channel from April and the 50% Fibonacci correction of the upward impulse from August. The upward reversal […]

BRENT As we can see in the H4 chart, after breaking the 200-day Moving Average, Brent is trading above it to indicate a possible ascending tendency. However, there is divergence on the Relative Strength Index, which is a signal in favour of decline. In this case, the pair is expected to break 6/8 (93.75) and […]

• MMM under bearish pressure • Likely to fall to support level 105.00 MMM under the bearish pressure after the earlier breakout of the round support level 110.00 which stopped the earlier impulse wave i at the end of September), intersecting with the support trendline of the wide down channel from January. The breakout of […]

• WTI broke resistance level 88.90 • Likely to rise to resistance level 95.00 WTI crude oil previously broke the resistance level 88.90 (former top of the minor correction (iv) from the start of September). The breakout of the resistance level 88.90 was preceded by the breakout of the resistance trendline from June and the […]