Category: Technial Analysis
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. […]
After being sold for several trading sessions in a row, AUDUSD is trying to rebound. The Australian Dollar is trying to revive the positive momentum against the USD on Tuesday. The current quote for the instrument is 0.6865. Not to say the Aussie is looking bad or insecure in comparison to other traded currencies – […]
Type: Bearish Drop Key Levels:Resistance: 4202.00Pivot: 4077.00Support: 3952.00 Preferred Case:On the H4, with price breaking out of the ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 4077.00 where the pullback support, 127.2% fibonacci extension and 38.2% fibonacci retracement are. Once there is downside […]
Type: Bearish Drop Key Levels:Resistance: 33432Pivot: 32605Support: 31852 Preferred Case:On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32605 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1760.00. At the same time, […]