Category: Technial Analysis
EURUSD remains under parity and raises a lot of questions. The major currency pair continues to fall. The current quote for the instrument is 0.9948. Demand for the “greenback” as a “safe haven” asset is not calming down, and it’s quite clear why: investors are still concerned about the possibility of a global recession. Macroeconomic […]
BBBY Shares Reverse Following an incredibly near-400% rally over the first two week of August, shares in struggling retailer Bed Bath & Beyond are almost back to where they started the month. The stock soared higher earlier this month as a result of a sudden return of the WallStreetBets trader community on Reddit. These retailer […]
Type: Bearish Drop Key Levels:Resistance: 1952.5Pivot: 1920.4Support: 1841.8 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 1920.4 where the pullback resistance is to the 1st support at 1841.8 where the pullback support, 50% fibonacci retracement and 161.8% fibonacci extension […]
GBPUSD hit the low of March 2020; the asset remains under pressure. The Pound Sterling hit a new bottom against the USD. The current quote for the instrument is 1.1823. Yesterday, the Pound was testing the low it reached on 23 March 2020, at 1.1717. Just like we said before, the Pound must be feeling […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns close to the support level, such as Inverted Hammer, USDCAD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.3045. Later, the market may break this […]
• AUDNZD reversed from resistance level 1.1165 • Likely to fall to support level 1.1100 AUDNZD currency pair is currently testing the resistance level 1.1165 (which has been steadily reversing the price from the start of June), strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 1.1165 will stop the […]
• EURAUD reversed from support level 1.4370 • Likely to rise to resistance level 1.4600 EURAUD currency pair recently reversed up from the support level 1.4370 (which stopped the sharp downtrend in April) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.4370.10 stopped the previous short-term downward impulse wave […]
Type: Bearish Drop Key Levels:Resistance: 13348Pivot: 13004Support: 12415 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 to the pivot at 13004 where the pullback support, 61.8% fibonacci retracement and 100% fibonacci projection are. Once there is […]
Type: Bearish Drop Key Levels:Resistance: 22490Pivot: 20695Support: 18890 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 20695 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of […]
Activity in the BTC dropped again. On Wednesday, the major cryptocurrency is trading at $21,340; investors are waiting. The digital asset is moving within a clear sideways channel. Market players are relaxing and saving strengths in anticipation of US Fed Chairman Jerome Powell’s speech, to be delivered on Friday in Jackson Hole. During the Economic […]