Category: Technial Analysis
• NZDUSD broke support level 0.6220 • Likely to fall to support level 0.6135 NZDUSD recently broke the support level 0.6220 (low of the previous wave B, which has been reversing the pair from last month). The breakout of the support level 0.6220 coincided with the 61.8% Fibonacci correction of the upward impulse from July. […]
Type: Bullish Rise Key Levels:Resistance: 2058.7Pivot: 1953.2Support: 1919.9 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 1953.2 where the pullback support, 23.6% fiboncci retracement and 78.6% fibonacci projection are to the 1st resistance at 2058.7 where the swing high […]
Type: Bearish Drop Key Levels:Resistance: 1.2016 Pivot: 1.1894 Support: 1.1781 Preferred Case:On the H4, with the price moving below the ichimoku cloud and moving within the descending trend line , we have a bearish bias that the price may drop from the pivot at 1.1894, which is in line with the 78.6% fibonacci retracement to […]
The BTC lost more than 7% in the last 24 hours. At the moment, the major crypto continues to fall and may soon reach $21,380. The key reason for this decline is that the euphoria passed. Earlier, the crypto market was rising due to the CPI report from the US. Based on the data, investors […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns close to the resistance level, such as Engulfing, USDCAD may reverse in the form of a new descending impulse. In this case, the downside target may be at 1.2910. Later, the market may break this level […]
• Citibank reversed from resistance level 54.00 • Likely to fall to support level 50.65 Citibank recently reversed down from the pivotal resistance level 54.00 (former monthly low from March – which has been reversing Citibank from the time it was broken in April), strengthened by the upper daily Bollinger Band. The downward reversal from […]
• NZDCAD broke daily up channel • Likely to fall to support level 0.8000 NZDCAD recently broke the support trendline of the daily up channel from the middle of July (which encloses the previous intermediate ABC correction (2)). The breakout of this up channel from should accelerate the active medium-term downward impulse wave (3). Given […]
Type: Bullish Rise Key Levels:Resistance: 35410Pivot: 34016Support: 33432 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 34016 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, […]
Type: Bearish Drop Key Levels:Resistance: 24315Pivot: 22430Intermediate Support: 20740Support: 18875 Preferred Case:On the H4, with the price moving below the ichimoku cloud and breaking the ascending channel , we have a bearish bias that the price may drop from the pivot at 22430 where the overlap resistance is to the 1st support at 18875 where […]
GBPUSD continues falling; July lows are ahead. The Pound Sterling is looking weak against the USD. The current quote for the instrument is 1.1858. The statistics published earlier today didn’t provide the Pound with any support. Retail Sales in the United Kingdom added 0.3% m/m in July against the expected reading of -0.25 m/m. Core […]