Category: Technial Analysis
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDJPY is trading above it to indicate an ascending tendency. In this case, the price is expected to test the resistance at 7/8, break it, and then continue growing and reach 8/8. However, this scenario […]
US bonds remain under selling pressure ahead of the release of the US inflation report today. This makes it more difficult for yields to rise further in the event of a positive surprise, however, the near end of the curve may be more sensitive to the release, since the Fed, as we know, can only […]
Type: Bullish Rise Key Levels:Resistance: 24315Pivot: 22430Support: 20705 Preferred Case:On the H4, with price moving within a bullish channel and expected to bounce off the stochastic support, we have a bullish bias that price will rise from our pivot at 22430 where the pullback support, 61.8% fibonacci retracement and 78.6% fibonacci projection are to the […]
EURUSD hopes for a local improvement, but there might be surprises. The major currency pair remains positive. The current quote for the instrument is 1.0222. The currency market has been rather quiet for a couple of days. It’s some kind of summer vacation – no news, no statistics, it’s time to relax a bit. However, today […]
EURUSD, “Euro vs US Dollar” EURUSD is still falling towards 1.0187. After that, the instrument may grow to reach 1.0215 and then consolidate above 1.0187. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.0128, or even extend this structure down to 1.0080. GBPUSD, […]
• USDCHF broke key support level 0.9480 • Likely to fall to support level 0.9300 USDCHF currency pair recently broke the key support level 0.9480 (which stopped the earlier minor impulse wave 1 at the start of August). The breakout of the support level 0.9480 follows the earlier breakout of the 61.8% Fibonacci correction of […]
• EURUSD broke key resistance level 1.0260 • Likely to rise to resistance level 1.0370 EURUSD just broke the pivotal resistance level 1.0260 (which has been repeatedly reversing the pair from the middle of July). The breakout of the resistance level 1.0260 coincided with the breakout of the multi-month resistance trendline from February and the […]
Type: Bullish Rise Key Levels:Resistance: 1846.5Pivot: 1813.9Support: 1786.9 Preferred Case:On the H4, with price going along the ascending channel above the ichimoku cloud, we have a bullish bias that the price may rise from the pivot at 1813.9, which is in line with the overlap resistance and 78.6% fibonacci retracement to the 1st resistance at […]
Type: Bullish Rise Key Levels:Resistance: 13427.50Pivot: 12951.50Support: 12691.50 Preferred Case:On the H4, with price expected to bounce off the stochastic support, we have a bullish bias that price will rise from our pivot at 12951.50 where the pullback support, 23.6% fibonacci retracement and 78.6% fibonacci projection are to the 1st resistance at 13427.50 where the […]
The BTC dropped to $23,000. Yesterday’s trading session was emotionally exhausting – market players were selling and the overall picture was more negative than positive. Two days ago, the BTC was going to test $24,400. However, market conditions failed: American exchanges started falling. Technically, it was explained by the fact that their previous growth had […]