Category: Technial Analysis
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from Tenkan-Sen and Kijun-Sen. 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 1.1880 and then resume moving downwards to reach 1.1575. Another signal in favour of […]
Daily Market Outlook, August 24, 2022 Overnight Headlines World At Rising Risk Of Recession As Inflation Hits Consumers Goldman Sees Powell Sticking To July Tightening Message At JH US Dollar Pauses For Breath Wednesday Ahead Of Jackson Hole Bitcoin Weakened After Slipping Back Beneath 21,500 Level Fed’s Kashkari: His Biggest Fear Is Inflation Will Be […]
With the USD seeing a fresh wave of demand, EURUSD has fallen to its lowest level in over 20 years with the pair now back under parity for the second time this year. Soaring inflation in the eurozone, made worse by the relentless rise in gas prices, is threatening to send the eurozone into recession […]
Type: Bullish Rise Key Levels:Resistance: 144.475Pivot: 141.150Support: 138.225 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 from the pivot at 141.150 where the pullback support is to the 1st resistance at 144.475 in line with swing high […]
Crude Reversal Underway? Following a sustained decline from early highs on the year around $121.50s, crude prices are starting to turn higher again this week. Crude future shave been moving lower in a well-defined bear channel over the correction from the summer highs. However, after stalling along support at the 85.53 level, accompanied by bullish […]
After updating its 20-year lows, EURUSD remains under pressure. The major currency pair is looking weak on Tuesday. The current quote for the instrument is 0.9906. So, the Euro is cheaper than the “greenback”. We’ve already seen it this year, but the asset never traded so low – yesterday it tested 0.9930. Obviously, investors have […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading below it to indicate a possible descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this […]
Type: Bearish Drop Key Levels:Resistance: 152’12Pivot: 149’28Support: 148’08 Preferred Case:On the H4, with the price moving within the descending trendline and below ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 149’28, which is in line with the swing low to the support at 148’08, where the previous […]
Type: Bullish Rise Key Levels:Resistance: 10.695Pivot: 10.005Support: 9.050 Preferred Case:On the H4, with the price moving within the ascending trendline and above the ichimoku cloud , we have a bullish bias that the price may rise from the pivot at 10.005, which is in line with the 61.8% fibonacci projection to the 1st resistance at […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 0.9950, EURUSD is consolidating below this level. Possibly, the pair may break the range to the downside and start another decline with the target at 0.9860. After that the instrument may grow to test 0.9950 from below and then resume falling to reach 0.9800. […]