Category: Technial Analysis

• CHFJPY reversed from resistance level 143.00 • Likely to fall to support level 141.35 CHFJPY currency pair recently reversed down from the key resistance level 143.00 (which stopped the previous impulse waves (5) and (B)) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 143.00 stopped the earlier short-term […]

• GBPCHF reversed from support level 1.1290 • Likely to rise to resistance level 1.1420 GBPCHF currency pair recently reversed up from the support level 1.1290 (which stopped the previous minor impulse wave (i) earlier this month) standing near the lower daily Bollinger Band. The upward reversal from the support level 1.1290 stopped the earlier […]

Type: Bearish Breakout Key Levels:Resistance: 32613.63Pivot: 31890.53Support: 30448.75 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 to pivot at 31890.53 where the pullback support, 100% fibonacci projection, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price break […]

Type: Bearish Drop Key Levels:Resistance: 13344Pivot: 12996Support: 12370 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 12996 where the pullback resistance is to the 1st support at 12370 where the swing low support […]

The Eurozone money markets on Monday point to a sharp strengthening of expectations that the ECB will raise rates by 75 basis points in September, as the ECB officials signaled over the weekend that they were ready to take a drastic step to quell inflation. Among the ECB representatives who spoke at the Jackson Hole […]

GBPUSD is plunging and updating its multi-month lows. The Pound Sterling can’t help plummeting against the USD. The current quote for the instrument is 1.1674. Apart from the strong ”greenback” factor and global risk aversion, negative news came from the British energy regulator, The Office of Gas and Electricity Markets (Ofgem). The regulator said that […]

EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario may no longer be valid if the […]

• EURGBP broke key resistance level 0.8510 • Likely to rise to resistance level 0.8585 EURGBP currency pair recently broke the resistance level 0.8510 (which stopped the pair earlier this month) intersecting with the 50% Fibonacci correction of the earlier downward correction from July. The breakout of the resistance level 0.8510 accelerated the active medium-term […]

• USDJPY broke key resistance level 137.30 • Likely to rise to resistance level 140.00 USDJPY currency pair recently broke the key resistance level 137.30 (which stopped the previous minor impulse wave 3 earlier this month). The breakout of the resistance level 137.30 accelerated the active short-term impulse wave 5 of the intermediate impulse wave […]

Type: Bearish Drop Key Levels:Resistance: 0.7696Pivot: 0.7645Support: 0.7559 Preferred Case:On the H4, with price trendline and moving below the ichimoku indicator,we have a bearish bias that price may drop from pivot at 0.7645 where the swing low support is. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support […]