Category: Technial Analysis
GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the support area. It is moving under the Ichimoku Cloud, indicating a downtrend. A test of the signal lines of the indicator is expected at 1.1555, followed by falling to 1.1185. An additional signal confirming the decline will be a bounce off the upper […]
EURUSD, “Euro vs US Dollar” On H4, the pair has formed a reversal Hammer pattern at the support level. The pair can now go by the signal forming an ascending impulse. The goal of the correction might become 0.9965. However, the price may still fall to 0.9835, break through the level, and continue falling without […]
European markets traded moderately in the red on Wednesday, taking over the bearish baton from the US market, whose capitalization shrank on Tuesday. Investors are actively dumping European assets, as the threat of the gas crisis spreading to the financial sector grows, threatening to launch a wave of bankruptcies. European governments, probably with some delay, […]
Type: Bearish Drop Key Levels:Resistance: 12999Pivot: 12809Support: 12415 Preferred Case:On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12809 where the pullback resistance is to the 1st support at 12415 where the swing low support, 61.8% fibonacci […]
The market major remains depressed. The current quote is 0.9900. As previously, the euro is affected by the energy crisis unveiling in Europe. While the winter season is coming, this factor will be acquiring more and more significance. On the other hand, the USD is supported by the demand for safe-haven assets from investors who […]
The BTC is inclined downwards, and it becomes more noticeable every day. On Wednesday, the leading cryptocurrency is balancing at 18,773 USD. Triggers are all the same. First and foremost, the reason is the falling of US stock indices and the rally in the USD. The dollar enjoys crazy demand in anticipation of the upcoming […]
Amazon Shares Opening Lower Shares in US tech giant Amazon are trading a little lower ahead of the open today, despite the broadly positive tone to risk markets. The company is suffering amidst news that it plans to slash factory space and staff numbers in a bid to offset slowing sales growth. The company has […]
Type: Bullish Breakout Key Levels:Resistance: 1721.51 Pivot: 1648.51 Support: 1620.55 Preferred Case:On the H4, with price breaking out of the descending trendline and moving above the ichimoku indicator, we have a bullish bias that price will rise to pivot at 1648.51 where the pullback resistance is. Once there is upside confirmation of price breaking pivot […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes have reached the overbought area. We should expect a bounce off 8/8 and subsequent falling to the nearest support level of 7/8. The scenario can be cancelled by rising over the resistance level of +1/8, in which case growth will continue so that the quotes […]
Type: Bullish Rise Key Levels:Resistance: 4.1133Pivot: 3.7968Support: 3.4495 Preferred Case:On the H4, with price moving within the ascending channel , we have a bullish bias that price will rise to the pivot at 3.7968 where the overlap resistance and 50% fibonacci retracement are. Once there is upside confirmation that price has broken pivot structure, we […]