Category: Technial Analysis
• S&P 500 rising inside impulse waves (iii) and 3 • Likely to rise to resistance level 4300.00 S&P 500 index recently broke the resistance level 4170.00 (which stopped the earlier waves (4) and 2 in May and June). The breakout of the resistance level 4170.00 continues the active short-term impulse waves (iii) and 3 […]
• Platinum broke resistance level 955.00 • Likely to rise to resistance level 1000. Platinum recently broke the resistance level 955.00 (top of wave A from June) intersecting with the 61.8% Fibonacci correction of the C-wave from June. The breakout of the resistance level 955.00 accelerated the active impulse waves (iii) and C – which […]
Type: Bullish Rise Key Levels:Resistance: 1809.50Pivot: 1784.50Support: 1764.75 Preferred Case:On the H4, with price moving above the ichimoku indicator and moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 1784.50 where the 23.6% fibonacci retracement is to the 1st resistance at 1809.5 where the overlap […]
Type: Bullish Rise Key Levels:Resistance: 72.14Pivot: 68.00Support: 63.91 Preferred Case:On the H4, with price moving along the ascending channel and above the ichimuku cloud, we have a bullish bias that price may rise from our pivot at 68.00 where the 38.2% fibonacci retracement is to the 1st resistance at 72.14 where the pullback resistance and […]
EURUSD, “Euro vs US Dollar” EURUSD is no longer moving inside the Triangle pattern. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0245 and then resume moving upwards to reach 1.0505. Another signal in favour of a further uptrend […]
AUDUSD rose as the “greenback” loosened its grip. The Australian Dollar is slowly correcting against the USD on Thursday after skyrocketing the day before. The current quote for the instrument is 0.7095. The statistics published earlier showed that NAB Business Confidence in Australia rose to 7 points in July after being 2 points in June. […]
Daily Market Outlook, August 11, 2022 Overnight Headlines Dollar Bruised After US Inflation Comes In Below Expectations Nasdaq Rallies More Than 20% From Recent Lows After US Inflation Eases Fed’s Daly: Early To ‘Declare Victory’ On Inflation, But Sees Smaller Sept Hike Fed’s Kashkari: More Rate Hikes Ahead, And Possible Recession Fed’s Evans: Fed To […]
Bitcoin broke the level of 23500. Now, the asset is trying to pull back to the broken trendline. Bitcoin should pull from the level of 23500 and face resistance at the level of 25500 next. Oil has managed to form the bearish trap on the daily timeframe and get back in the usual range below […]
Type: Bearish Drop Key Levels:Resistance: 13802Pivot: 13452Support: 13013 Preferred Case:On the H4, with price breaking the ascending channel and MACD histograms are moving below zero, we have a bearish bias that price may drop from our pivot at 13452 where the 23.6% fibonacci retracement is to the 1st support at 13013 where the overlap support […]
Type: Bullish Rise Key Levels:Resistance: 2564.0Pivot: 2493.6Support: 2460.9 Preferred Case:On the H4, with price moving within an ascending channel and bouncing off the ichimoku support, we have a bullish bias that price will rise from our pivot at 2493.6 where the pullback support is to the 1st resistance at 2564.0 where the swing high resistance […]