Category: Technial Analysis
Type: Bearish Drop Key Levels:Resistance: 0.61615 Pivot: 0.60565 Support: 0.60050 Preferred Case:On the H4, with price moving below descending trendline and ichimoku indicator, we have a bearish bias that the price may drop from the pivot at 0.60565, where the current price is to the 1st support at 0.60050, where the 78.6% fibonacci projection is. […]
Type: Bearish Drop Key Levels:Resistance: 12999Pivot: 12758Support: 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 to the pivot at 12758 where the pullback support is. Once there is downside confirmation that price has broken pivot structure, we […]
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 to the pivot at 667’4 where the pullback support is. Once there is upside confirmation that price has broken pivot structure, […]
The bond market selloff has been offering significant support to the greenback this week. The dollar index (DXY) rose to 110 on Thursday, however it failed to secure fresh highs and turned into a decline on a technical bounce. The main event of the day was the Non-Farm Payrolls report, which diverged from expectations, and […]
Type: Bearish Drop Key Levels:Resistance: 32591Pivot: 31864Support: 30432 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 from pivot at 31864 where the pullback resistance and 23.6% fibonacci retracement are to 1st support at 30432 where the pullback support […]
EURUSD, “Euro vs US Dollar” After completing the descending structure at 0.9910, EURUSD is expected to correct up to 0.9980. Later, the market may resume trading downwards with the target at 0.9888. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the descending wave at 1.1500, GBPUSD is expected to grow and reach 1.1644. After […]
Brent 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 2/8 and continue moving downwards to reach the support at 0/8. However, this scenario may no longer be valid if the asset breaks 3/8 to the upside. After […]
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 ascending impulse. In this case, the upside correctional target may be at 1.0025. However, an alternative scenario implies that the price […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the support level. 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 0.9995 and then resume moving downwards to reach 0.9765. Another signal in favour of a further […]
BNY Mellon Swiss Franc Now Two-Way When the Swiss National Bank hiked its benchmark sight deposit rate by 50bp in June, it also arguably reversed over a decade of orthodoxy in pledging to sell foreign exchange reserves if necessary to support the franc. Perhaps far ahead of other G10 central banks, the SNB realised that […]