Category: Technial Analysis
Type: Bearish Drop Key Levels:Resistance: 4078.75Pivot: 3944.00Support: 3725.25 Preferred Case:On the H4, with prices breaking out of the ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 3944.00 where the pullback resistance is to the 1st support at 3725.25 where the swing low […]
Type: Bullish Rise Key Levels:Resistance: 1.03220Pivot: 1.02695Support: 1.03220 Preferred Case:On the H4, with the price pullback from the support, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.02695, where the current price is to the 1st resistance at 1.03220, where the overlap […]
EURUSD, “Euro vs US Dollar” After completing the ascending structure at 1.0077, EURUSD is being pressured to fall. Possibly, today the pair may reach 0.9983 and then resume growing towards 1.0030, thus forming a new consolidation range around 0.9986. If the price breaks this range to the downside, the market may start another decline with […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is successfully rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1610 and then resume moving downwards to reach 1.1420. Another signal in favour […]
• GBPUSD broke key support level 1.1800 • Likely to test major support level 1.1455 GBPUSD currency pair under the bearish pressure after the earlier breakout of the key support level 1.1800 (low of the previous medium-term impulse wave (3)). The downward reversal from the resistance level 1.3200 stopped the earlier short-term correction 2. Given […]
• EURCAD reversed from resistance level 1.3200 • Likely to fall to support level 1.3000 EURCAD currency pair recently reversed down from the resistance level 1.3200, intersecting with the upper Bollinger Bond and the 38.2% Fibonacci correction of the downward impulse from June. The downward reversal from the resistance level 1.3200 stopped the earlier short-term […]
Type: Bearish Drop Key Levels:Resistance: 3.5785Pivot: 3.4160Support: 3.2760 Preferred Case:On the H4, with price breaking the trendline and moving below ichimoku indicator, we have a bearish bias that the price will drop to the pivot at 3.4160 where the swing low support, 78.6% fibonacci projection and 161.8% fibonacci extension are. Once there is downside confirmation […]
Type: Bearish Drop Key Levels:Resistance: 22420Pivot: 20785Intermediate Support: 19400Support: 18610 Preferred Case:On the H4, with price moving below an ichimoku indicator, we have a bearish bias that price will drop from pivot at 20785 where the pullback resistance, 100% fibonacci projection and 23.6% fibonacci retracement are to the 1st support at 18610 where the swing […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after completing the descending wave at 1.1200, forming a new consolidation range around this level, and breaking it downwards to reach the short-term target at 0.9955, EURUSD has returned to test 1.0080 from below. Possibly, the pair may continue trading within the […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming another Hanging Man reversal pattern close to the resistance level, USDCAD may reverse in the form of a new correctional impulse. In this case, the downside correctional target may be at 1.3100. Later, the market may rebound from this […]