Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from 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 bullish channel’s upside border at 1.0040 and then resume moving downwards to reach 0.9780. Another signal in favour of a further downtrend […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 0.9909, EURUSD is growing towards 1.0030. After that, the instrument may start another with the target at 0.9950, or even extend this structure down to 0.9807. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at 1.1755, GBPUSD is growing towards […]
• Palladium reversed from round support level 2000.00 • Likely to rise to resistance level 2300.00 Palladium recently reversed up from the round support level 2000.00 (which stopped the previous minor correction (iv) from the start of August). The support area near the support level 2000.00 was strengthened by the lower daily Bollinger Band, support […]
• GBPAUD broke support level 1.7000 • Likely to fall to support level 1.6800 GBPAUD currency pair recently broke the support level 1.7000 (which stopped the previous minor impulse wave 1 from the start of August). The breakout of the support level 1.7000 coincided with the breakout of the daily down channel from the start […]
Type: Bearish Drop Key Levels:Resistance: 33435Pivot: 32609Support: 31851 Preferred Case:On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32609 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price […]
Type: Bearish Drop Key Levels:Resistance: 4325.00Pivot: 4200.25Support: 3950.00 Preferred Case:On the H4, with price 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 4200.25 where the pullback resistance and 38.2% fibonacci retracement are to the 1st support at 3950.00 […]
After three days of plummeting, EURUSD managed to recover to parity. The major currency pair is trying to regain its positions. The current quote for the instrument is 0.9990. The statistics published by the US yesterday turned out to be not as disappointing as it could have been. The Durable Goods Orders report showed no […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new rising impulse. In this case, the upside target may be at 1.0055. However, an alternative scenario implies that the price may […]
Daily Market Outlook, August 25, 2022 Overnight Headlines Asian Markets Gain, Investors Anxious For U.S. Rate Hike Clues Hedge Funds Build Biggest Bet Against Italian Debt Since 2008 Dollar Eases From Near Two-Decade Peak As Jackson Hole Looms Global Stocks In For A Chilly Winter, Strategists Say – RTRS Poll Nvidia Forecasts Sharp Drop In […]
Gold has approached the supporting level of 1760 and the broken downtrend from the Elder timeframe, which is denoted by the blue line on the chart below. Currently, the price of gold is trying to pull from the abovementioned trendlines, targeting the level of 1880. So, let’s observe what is going to happen next. The […]