Category: Technial Analysis
EURUSD, “Euro vs US Dollar” After completing the descending structure at 0.9982, EURUSD is growing towards 1.0057 and may later fall to return to 0.9982, thus forming a wide consolidation range around the latter level. If the price breaks this range to the downside, the market may resume moving downwards with the target at 0.9800; […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading inside the “overbought area”. In this case, the price is expected to test 8/8, break it, and then continue falling and reach 7/8. However, this scenario may no longer be valid if the price breaks the resistance at […]
Type: Bearish Drop Key Levels:Resistance: 2563.6Pivot: 2463.6Support: 2375.5 Preferred Case:On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 2463.6 where the pullback resistance is to the 1st support at 2375.5 where the pullback support and 61.8% fibonacci […]
ADP on Watch The release of today’s ADP employment figures for last month is drawing more attention than usual. The report will be the first since it was discontinued in May and will reflect the new methodology being used to assess the employment landscape, said to give a more accurate reading than the prior methodology. […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0045 and then resume moving downwards to reach 0.9810. Another signal in favour of a further […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed another Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1740.50. At the same time, […]
Type: Bearish Drop Key Levels:Resistance: 13341Pivot: 13011Support: 12422 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 the pivot at 13011 where the pullback resistance is to the 1st support at 12422 where the swing low support, 61.8% […]
Type: Bearish Drop Key Levels:Resistance: 32606Pivot: 31864Support: 30405 Preferred Case:On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 31864 where the pullback resistance and 61.8% fibonacci retracement are to the 1st support at 30405 where the pullback […]
The BTC recovered to $20,195 on Wednesday. Yesterday, the major cryptocurrency didn’t break its familiar range despite the fact that investors were selling it. The intermediate resistance lies at $20,350, and if the asset secures above it, there might be a pause in sales and the price might even rise to reach $21,000. To make […]
EURUSD reached parity yesterday; investors are monitoring external background. The major currency pair is looking stable on Wednesday. The current quote for the instrument is 0.9984. So far, EURUSD has managed not to move far away from parity. Investors are keeping a close eye on the news. What is extremely important for the Euro is […]