Category: Technial Analysis
Type: Bearish Momentum Key Levels:Resistance: 1778.2Pivot: 1740.8Support: 1709.5 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 1740.8 where the pullback resistance is to 1st support at 1709.5 where the 78.6% fibonacci retracement and 78.6% fibonacci […]
On Monday, the BTC is trying to recover but not too successfully. It is chiefly fluctuating at $19,879. Over the last week, the leading cryptocurrency has lost more than 9%. Sellers took the BTC to $19,520 but the market recovered fast. Today everyone is perplexed as to whether to keep buying or to stop and […]
EURUSD, “Euro vs US Dollar” After completing the correction at 1.0045, EURUSD is falling; it has already broken 0.9950 and may continue moving towards the target at 0.9800. Later, the market may correct up to 0.9900 and then start another decline to reach 0.9730. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the correction […]
Type: Bearish Drop Key Levels:Resistance: 32603Pivot: 31862Support: 30417 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 31862 where the pullback support, 100% fibonacci projection , 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price […]
Type: Bearish Drop Key Levels:Resistance: 20800Pivot: 19450Support: 18490 Preferred Case:with the price breaking the ichimoku cloud, below ichimoku cloud and MA, we have a bearish bias that the price may drop from the pivot at 19450, which is in line with the swing low to the 1st support at 18490, where the previous significant swing […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD may reverse in the form of a new descending impulse. In this case, the downside correctional target may be at 1.2990. Later, the market may rebound from this […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the support area. 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 0.9985 and then resume moving downwards to reach 0.9725. Another signal in favour of a further downtrend […]
The currency pair EUR/USD remains in the supporting zone formed between the levels 0.9950 and 1.0000. This asset is likely to pull back, undergo correction, and jump, targeting the local downtrend. The downtrend is denoted by the blue line on the chart below. Oil is slowly approaching the resistance at the level of 107.50. It […]
EURAUD Stands Out During Quiet Week It’s been a much quieter week for financial markets. Though do bear in mind I’m writing this ahead of today’s Jackson Hole event. Given the focus on Fed chairman Powell’s speech today, markets have been somewhat held hostage over the week. Still, there have been some interesting moves and […]
BNY Mellon Jackson Hole Conference Productivity Focus Federal Reserve Chairman Powell’s breakfast speech this morning in Wyoming will be focusing on the main topic of the Kansas City Fed’s Jackson Hole Economic Symposium: “Reassessing Constraints on the Economy and Policy”. Unleashing productivity growth will, in our opinion, take the driving seat in FX markets for […]