Category: Technial Analysis

Type: Bearish Drop Key Levels:Resistance: 33432Pivot: 32605Support: 31852 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 32605 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1760.00. At the same time, […]

EURUSD, “Euro vs US Dollar” EURUSD is falling within the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9965 and then resume moving downwards to reach 0.9750. Another signal in favour of a further downtrend will be […]

 • CHFJPY reversed from resistance level 143.10 • Likely to fall to support level 140.60 CHFJPY currency pair recently reversed down from the key resistance level 143.10 (which has been reversing the pair from the end of June) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 143.10 stopped the […]

• 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. […]