Category: Technial Analysis

• 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 […]

EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9800, EURUSD is consolidating there. Possibly, the pair may resume falling to break 0.9700 and then continue trading downwards with the target at 0.9500. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has broken 1.1200; right now, it is still falling towards 1.1000. After […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Shooting Star reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending wave. In this case, the downside target may be at 1690.00. At the same […]

BTC is falling again. On Friday, the asset is mostly trading at $19,921. The current market situation is quite usual. Global market players are trying to avoid risks in stock markets, so they are currently not interested in crypto assets. The correlation between S&P 500/NASDAQ and the BTC remains quite strong. American investors are once […]

The major currency pair is looking weak on Friday. The current quote for the instrument is 0.9800. Investors revived their interest in “safe haven” assets amid deterioration of market sentiment and the USD is taking the centre stage. At the same time, the Euro is getting weaker after the comments from the International Monetary Fund […]

USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. The Relative Strength Index has rebounded from the support. In this case, the pair is expected to break 5/8 (0.9826) and then continue growing towards the resistance […]

• EURGBP reversed from support level 0.8675 • Likely to rise to resistance level 0.8800 EURGBP currency pair recently reversed up from the key support level 0.8675 (previous monthly high from June), intersecting with the 61.8% Fibonacci correction of the upward impulse from August. The upward reversal from this support level 0.8675 stopped the earlier […]