Category: Technial Analysis
EURUSD is losing momentum; investors are interested in the safe “greenback”. The major currency pair is falling on Tuesday. The current quote for the instrument is 1.0134. The situation in the currency market remains the same – investors are trying to escape from the risks. These risks are already known, but yesterday they were once […]
Daily Market Outlook, August 16, 2022 Overnight Headlines US President Biden To Sign Health And Climate Bill On Tuesday UK Set To Begin Formal Dispute With EU Over Science Programs Iran Sends EU Nuclear Deal Response And Signals Pact Is Near RBA Signals Further Rate Hikes, Reiterates Not On Pre-Set Path China Needs More Stimulus […]
Type: Bullish Breakout Key Levels:Resistance: 2012.25Pivot: 1916.67Support: 1786.26 Preferred Case:On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1916.67 where the pullback support is. Once there is upside confirmation that price has broken pivot structure, we […]
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 to the pivot at 141.150 where the pullback resistance and 78.6% fibonacci retracement are. Once there is upside confirmation that price […]
Type: Bullish Bounce Key Levels:Resistance: 27156.43Pivot: 24676.23Support: 22483.65 Preferred Case:On the H4, with price moving within a bullish channel as well as above the ichimoku indicator and RSI moving along an ascending trendline, we have a bullish bias that price will rise from our pivot at 24676.23 where the pullback support and 50% fibonacci retracement […]
EURUSD, “Euro vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading below, thus indicating a descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. Still, this scenario may no longer be valid if […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Engulfing reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending impulse. In this case, the downside target may be at 1780.50. At the same time, […]
Type: Bullish Rise Key Levels:Resistance: 14213Pivot: 13782Support: 13670 Preferred Case:On the H4, with price moving above the ichimoku indicator and along an ascending channel , we have a bullish bias that price will rise from the pivot at 13782 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 14213 in […]
Type: Bullish Rise Key Levels:Resistance: 35392Pivot: 33445Support: 32687 Preferred Case:On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from the pivot at 33445 where the pullback support is to the 1st resistance at 35392 in line with swing high resistance […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0205 and then resume moving upwards to reach 1.0445. Another signal in favour of a further […]