Category: Technial Analysis

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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 from the pivot at 667’4 where the pullback support is to the 1st resistance at 721’0 in line with pullback resistance, […]

• NZDCAD reversed from strong support level 0.7920 • Likely to rise to resistance level 0.8030 NZDCAD currency pair recently reversed up from the strong support level 0.7920 (which stopped the earlier impulse waves 5 and (5) in July). The upward reversal from the support level 0.7920 stopped the previous intermediate impulse wave (3). Given […]

• AUDJPY broke key resistance level 96.65 • Likely to rise to resistance level 98.00 AUDJPY currency pair recently broke the key resistance level 96.65 (previous multi-month high from the start of June). The breakout of the resistance level 96.65 should accelerate the active impulse waves 3 and (3). Given the clear daily uptrend and […]

GBPJPY Breaking Out The recent GBPJPY long idea from the breakout above 163.18 highs is now moving nicely higher and the pair is around mid-way to target at the 168.39 level. The recent surge higher in GBP has benefited the trad nicely with the Pound boosted by confirmation of Liz Truss as the new UK […]

Type: Bearish Drop Key Levels:Resistance: 3948.50Pivot: 3909.50Support: 3743.75 Preferred Case:On the H4, with prices moving along the descending trendline, we have a bearish bias that price will drop from the pivot at 3909.50 where the overlap resistance is to the 1st support at 3743.75 where the pullback support and 61.8% fibonacci projection are. Alternative Scenario:Alternatively, […]

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 […]