Category: Technial Analysis
Type : Bullish rise Key Levels:Resistance :3.5000 Pivot:3.4735 Support : 3.4170 Preferred Case: On the H4, with the price pullback from the support, breaking the descending trendline, MA10 is above MA30, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 3.4735, where the […]
BNY Mellon ECB Searching For A New Baseline The European Central Bank is expected to step up its policy-normalisation process today with a 75bp rate hike. While we do see some downside risk of a 50bp move considering the traditional caution of the Governing Council, the scale of the move is probably beside the point. […]
The crypto market came back to life after the stock market. On Friday, the BTC is trading at 20,660 USD. Can it be called an upward reversal? The technical side of trades remains without changes: if the BTC secures above 21,500 USD a pathway to 22,000 USD will open. And only if the quotes secure […]
The market major recovered quite noticeably. The current quote is 1.0100. The European Central bank raised the interest rate by 75 base points at once, bringing it to 1.25% a year. This result of the meeting was anticipated but not the most looked forward to one. In the comments, the ECB mentioned that the growth […]
Type : Bearish Drop Key Levels:Resistance : 1404’4 Pivot: 1379’7 Support : 1357’3 Preferred Case: On the H4, with price moving below the ichimoku indicator and descending trendline, we have a bearish bias that price may drop to the pivot at 1379’7 where the swing low support is. Once there is downside confirmation that price […]
Oil Traders Cut Longs The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week from roughly 246k contracts to roughly 229k contracts. This reduction comes on the back of a steady build in prior weeks and reflects a shift in sentiment in the crude market. That shift […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the resistance level, the pair has formed a Hanging Man reversal pattern. The pair is now developing the signal by a descending impulse. The goal of the decline is 1.2970; later the price might bounce off it and continue growth. However, it may still rise to […]
USDCHF, “US Dollar vs Swiss Franc” The pair is testing the support area. It is moving under the Ichimoku Cloud, indicating a downtrend. A test of the lower border of the Cloud is expected at 0.9715, followed by falling to 0.9495. An additional signal confirming the decline will be a bounce off the upper border […]
Type : Bearish Drop Key LevelsResistance : 3569 Pivot: 3503 Support : 3433 Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 3503 where the pullback support is. Once there is downside confirmation that price has broken pivot structure, […]
Type : Bearish Drop Key Levels:Resistance : 148.125 Pivot: 144.475 Support : 141.150 Preferred Case: On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 144.475. Once there is upside confirmation that price has broken pivot structure, […]