Category: Technial Analysis
• AUDJPY reversed from key support level 91.00 • Likely to rise to resistance level 94.70 AUDJPY currency pair recently reversed up with the daily hammer from the key support level 91.00 (which has been reversing the price from the middle of May) standing near the lower daily Bollinger Band, support trendline of the daily […]
The Australian dollar remains in a weak position against the US dollar, although it is trying to bounce back. The current quote in the AUDUSD is 0.6308. Relations with China are coming to the fore for Australia. The Prime Minister said today that Australia should cooperate with China wherever possible. China has cancelled its planned […]
The British pound sterling has stabilised against the US dollar. The current quote in GBPUSD is 1.1343. The political news stream in the UK is brimming with events and emotions, but at the moment the pound is “not paying attention”. The “focus” is the Bank of England and what is happening with it: investors are […]
• Silver reversed from support level 18.15 • Likely to rise to resistance level 19.50 Silver recently reversed up from the strong support level 18.15 (which has been repeatedly reversing the price from the middle of July) standing near the lower daily Bollinger Band. The upward reversal from the support level 18.15 started the active […]
• EURJPY broke key resistance level 144.00 • Likely to rise to resistance level 148.00 EURJPY recently broke above the key resistance level 144.00 (which has been steadily reversing the pair from the start of June). The breakout of the resistance level 144.00 accelerated the active short-term impulse wave (iii), which belongs to the higher […]
BTC is trying to form a directional move, but not particularly effectively. On Monday, the major cryptocurrency returned to USD 19262. In fact, there is no way to break away from the strong support area of USD 18,000-19,000. This zone keeps the flagship cryptocurrency from strong bearish pressure, but at the same time prevents it […]
Japanese yen paired with the US dollar has returned to a devaluation strategy. The current quote in USDJPY is 148.70. It is close to a 32-year high. Morning statistics showed that Japan’s final volume of industrial production for August rose to 3.4% y/y, while a gain of 2.7% y/y was expected, as before. This is […]
EURUSD, “Euro vs US Dollar” EURUSD worked off a downward wave to 0.9707 and performed a rising link to 0.9767. Today the market is forming a downward structure to the level 0.9670. Its breakdown will open the potential for the development of the wave to 0.9544. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD performed […]
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 […]