Category: Technial Analysis
EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.0025, EURUSD is correcting down to 0.9933 and may later grow to reach 0.9988, thus forming a new consolidation range. If the price breaks this range to the downside, the market may start another decline with the target at 0.9800; if to the upside […]
Brent As we can see in the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 4/8 and continue moving downwards to reach the support at 3/8. However, this scenario may no longer be valid if the asset breaks 5/8 […]
• EURAUD reversed from support level 1.4325 • Likely to rise to resistance level 1.4470 EURAUD currency pair recently reversed up from the key support level 1.4325 (which stopped the previous sharp downward impulse wave (5) in April). The support area near the support level 1.4325 was strengthened by the lower daily Bollinger Band. The […]
Type: Bearish Drop Key Levels:Resistance: 2036.4Pivot: 1952.5Intermediate Support: 1920.4Support: 1841.8 Preferred Case:With the price moving above the ascending trendline and above ichimoku cloud, we have a bullish bias that the price may rise to the pivot at 141.950, which is in line with the 161.8% fibonacci projection and swing high to the 1st resistance at […]
Type: Bullish Rise Key Levels:Resistance: 0.0074025 Pivot: 0.0073045 Support: 0.0072360 Preferred Case:With the price moving within the descending trendline and crossing below the MA, we have a bearish bias that the price may drop to the pivot at 0.0073045, where the previous swing low is. If the pivot is broken, we can expect the price […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a 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 1770.50. At the same time, […]
Despite the strong “greenback”, USDJPY has been slowly falling the entire week. The Japanese Yen is retreating a little bit against the USD on Friday. The current quote for the instrument is 137.02. The statistics published in the morning showed that the Tokyo Core CPI was 2.6% y/y in August after being 2.3% y/y and […]
• AUDCHF reversed from key resistance level 0.6710 • Likely to fall to support level 0.6650 AUDCHF currency pair recently reversed down from the key resistance level 0.6710 (which has been steadily reversing the price from the start of July), intersecting with the upper Bollinger Band and the 38.2% Fibonacci correction of the earlier sharp […]
• General Electric reversed from resistance level 80.00 • Likely to fall to support level 75.00 General Electric recently reversed down from the round resistance level 80.00 (which has been reversing the price from the start of May), intersecting with the upper Bollinger Band and the resistance trendline from January. The downward reversal from the […]
Type: Bearish Drop Key Levels:Resistance: 13669Pivot: 13346Support: 12999 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 13346 where the overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci projection are to the 1st support […]