Category: Technial Analysis
At the end of the week, the market major stays under the parity level. The current quote is 0.9999. The last trading session turned out very active and eventful. The October session of the European Central Bank ended in the expected increase in the interest rate by 75 base points to 2.00% annual from 1.25% […]
• GBPAUD reversed from support level 1.7635 • Likely to rise to resistance level 1.8200 GBPAUD recently reversed up from the pivotal support level 1.7635 (former resistance from July and August, intersecting with the 38.2% Fibonacci correction of the upward impulse from September). The upward reversal from the support level 1.7635 started the active shot-term […]
• AUDUSD reversed from resistance level 0.6500 • Likely to fall to support level 0.6300 AUDUSD recently reversed down from the resistance level 0.6500 (which reversed the pair multiple times at the end of September), standing close to the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from September. The […]
The BTC corrected after noticeable growth earlier. On Friday, it is mainly fluctuating near 20,280 USD. The price stepped back from the intermediate resistance of 20,500 USD. It is vital that the quotes returned back upwards. Then the market will be counting on an advance for 21,500 USD, which is the most important resistance level, […]
EURUSD, “Euro vs US Dollar” The pair is correcting after a bounce off the resistance level. It is going above the Ichimoku Cloud which indicates an uptrend. A test of the Kijun-Sen line is expected at 0.9945, followed by growth to 1.0305. An additional signal confirming the growth will be a bounce off the lower […]
EURUSD, “Euro vs US Dollar” The pair completed correction to 0.9960. Today a link of growth to 1.0025 should be expected, followed by a link of decline to 0.9950. Practically, a consolidation range is forming around 0.9960. With an escape downwards, a pathway for further correction to 0.9890 will open. With an escape upwards, a […]
EURUSD, “Euro vs US Dollar” On H4, at a pullback near the support level the a Harami reversal pattern has formed. Currently, the pair can go by the signal in an ascending wave. The goal of growth is 1.0090. However, the quotes may pull back to 0.9915, bounce off the level, and continue the uptrend […]
• Google broke key support level 95.00 • Likely to fall to support level 90.00 Google recently broke the key support level 95.00 (which is the lower boundary of the sideways price range inside which the price has been moving from September). The breakout of the support level 95.00 accelerated the active short-term impulse wave […]
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 […]