Category: Technial Analysis

Change In Leader to Be Announced Shortly UK citizens and traders alike are bracing for today’s announcement regarding the Conservative Party leadership contest. The contest, between Rishi Sunak and Liz Truss, has been a largely dull affair with polling consistently showing Truss ahead of Sunak from the start. Consequently, the expectation today is that Truss […]

OPEC On Watch Oil traders will be paying close attention to today’s OPEC+ meeting. Following recent headlines around a potential production cut, OPEC sources have reportedly leaked that the group is said to be considering weighing up whether to keep current production quotas in place for October or cutting production slightly. Last month we heard […]

EURUSD, “Euro vs US Dollar” The pair is testing the signal lines of the indicator upon bouncing off 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 0.9985, followed by falling to 0.9735. An additional signal confirming the decline […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, AUDUSD quotes are in the oversold area. Currently, the level of 0/8 is expected to be taken, followed by growth to the resistance level of 1/8. The scenario can be cancelled by a breakaway of the support level of -1/8 downwards. In this case, the pair is […]

Type: Bearish Drop Key Levels:Resistance: 20695Pivot: 19390Support: 18495 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below an ichimoku indicator, we have a bearish bias that price will drop to pivot at 19390 where the swing low support and 127.2% fibonacci extension are. Should price break pivot structure, we […]

Type: Bullish Rise Key Levels:Resistance: 721’0Pivot: 667’4Support: 641’0 Preferred Case:On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 667’4 where the pullback support and 50% fibonacci retracement are. Once there is upside confirmation that price […]

Type: Bearish Drop Key Levels:Resistance: 1.0010Pivot: 0.9929Support: 0.9887 Preferred Case:On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 0.9929 where the previous swing lows are to the 1st support at 0.9887 where the swing low is. Alternative Scenario:Alternatively, price could break pivot […]

Type: Bearish Drop Key Levels:Resistance: 12999Pivot: 12758Support: 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 12758 where the pullback resistance is to the 1st support at 12415 where the swing low support, 61.8% fibonacci […]

Our major starts the first full week of September by a decline. The current quote is 0.9920. The main factor that undermines the EURUSD rate is the development of the energy crisis in Europe. The EU, on its side, is doing everything to avoid fuel supply problems in the upcoming winter season, yet there are […]

• NZDUSD reversed from support zone • Likely to rise to resistance level 0.6140 NZDUSD currency pair ended last week with the Bullish Engulfing, which the pair formed near the key support level 0.6060 (former monthly low from July) standing near the lower daily Bollinger Band. The upward reversal from this support zone stopped the […]