Category: Technial Analysis

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 […]

Type: Bearish Drop Key Levels:Resistance: 22485Pivot: 20720Support: 18870 Preferred Case:On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20720 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting inside the Triangle pattern. 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 1.1835 and then resume moving downwards to reach 1.1565. Another signal in favour of […]

Once again, activity in the BTC is low. On Friday, the major crypto remains at $21,420; it has been moving inside a narrow range the entire week. The BTC isn’t moving away from $21,500. The scenario remains the same – to resume rising, the asset must secure above $22,000. Today’s highlight is an annual symposium […]

USD GDP On Watch Today’s revised US Q2 GDP figures will be closely watched ahead of Fed chairman Powell’s Jackson Hole speech tomorrow. The initial figures pegged a dire -0.9% reading for the quarter and current forecasts suggest only a mild improvement to -0.7%. While this reading would confirm a technical recession in the US, […]

Oil Traders Re-Build Longs The latest CFTC COT institutional positioning report shows that crude traders increased their net long positions last week from around 210k contracts to roughly 214k contracts. While not a huge increase, the adjustment does at least put an end to the weeks of reductions we’ve seen in upside bets. This change […]

Type: Bearish Drop Key Levels:Resistance: 2647.6Pivot: 2565.0Support: 2462.0 Preferred Case:On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 2565.0 where the pullback resistance and 38.2% fibonacci retracement are to the 1st support at 2462.0 where the pullback support and 38.2% fibonacci […]