Category: Technial Analysis
• NZDCHF reversed from support level 0.5900 • Likely to rise to resistance level 0.6050 NZDCHF currency pair recently reversed up from the key support level 0.5900 (which stopped the sharp downtrend at the end of June) standing below the lower daily Bollinger Band. The upward reversal from the support level 0.5900 created the daily […]
Daily Market Outlook, August 23, 2022 Overnight Headlines Hedge Funds Pile Into A Record Hawkish Rate Bet Pre-Jackson Hole ING: Euro Woes Set To Worsen On Asia Fx Intervention Sales USD Steady, Euro At Two-Decade Low On Energy, Growth Woes Pound Dives And Inflation Bets Hit A Record On UK Energy Crisis Japan’s Aug Factory […]
GBPAUD Trend Trading Price action in GBPAUD is looking interesting here. Following the lengthy block of consolidation we saw over recent month, the pair attempted to breakdown below the 1.7218 level last week, but was rebuffed on the initial attempt. However, price is now turning lower once again and, with both MACD and RSI turning […]
Type: Bullish Rise Key Levels:Resistance: 138.35Pivot: 137.05Support: 135.30 Preferred Case:On the H4, with the price moving within the ascending channel and above ichimpku cloud, we have a bullish bias that the price may rise from the pivot at 136.89, which is in line with the overlap resistance to the 1st resistance at 138.29, where the […]
Type: Bullish Bounce Key Levels:Resistance: 34291.52Pivot: 33468.34Support: 32575.27 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from pivot at 33468.34 where the 23.6% fibonacci retracement, 61.8% fibonacci projection and pullback support to 1st resistance at 34291.52 where the swing high resistance is. Alternative […]
EURUSD, “Euro vs US Dollar” Having broken 1.0080, EURUSD continues forming the descending wave towards 0.9980; right now, it is forming the second structure of this wave. Later, the market may grow to return to 1.0080 and test it from below. After that, the instrument may start a new decline with the target at 0.9960. […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is heading towards the “oversold area”. In this case, the price is expected to test 0/8, rebound from it, and then resume growing to reach the resistance at 1/8. Still, this scenario may no longer be valid if the price breaks the support at 0/8 […]
• EUR50 falling inside active correction 4 • Likely to fall to support level 3575.00 EUR50 index recently reversed down from the powerful resistance level 3800.00 (which has been reversing the price from the end of April). The resistance zone near the resistance level 3800.00 was strengthened by the upper daily Bollinger Band and the […]
• EURUSD broke below the parity 1.0000 • Likely to fall to support level 0.9800 EURUSD today broke strongly below the parity 1.0000 (which stopped the previous sharp downward impulse wave 1 from the start of June). The breakout of the parity 1.0000 should accelerate the active short-term downward impulse wave 3. Given the overriding […]
Type: Bullish Rise Key Levels:Resistance: 14239Intermediate Resistance: 13980Pivot: 13661Support: 13350 Preferred Case:On the H4, with price expected to bounce off the stochastic support, we have a bullish bias that price will rise to the pivot at 13661 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would […]