Category: Technial Analysis

• EURUSD broke below the parity 1.0000 • Likely to fall to support level 0.9800 EURUSD today broke strongly below the parity 1.0000 (which stopped the previous sharp downward impulse wave 1 from the start of June). The breakout of the parity 1.0000 should accelerate the active short-term downward impulse wave 3. Given the overriding […]

Type: Bullish Rise Key Levels:Resistance: 14239Intermediate Resistance: 13980Pivot: 13661Support: 13350 Preferred Case:On the H4, with price expected to bounce off the stochastic support, we have a bullish bias that price will rise to the pivot at 13661 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would […]

Type: Bullish Rise Key Levels:Resistance: 34247Pivot: 33439Support: 32608 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 pivot at 33439 where the 23.6% fibonacci retracement , 61.8% fibonacci projection and pullback support are to 1st resistance at […]

Last weekend, the BTC grew somewhat but nothing has changed strategically. On Monday, the leading cryptocurrency rests near $21,444. To recover fully from the decline last Thursday and Friday, the BTC needs to reach above $22,500-$22,800. The resistance level might be on $21,800-$21,900. An important support level is still on $21,000. So, the US stock […]

GBPUSD is falling attacked by the “greenback” and because of the controversial economic outlook.  The Pound Sterling remains weak against the USD. The current quote for the instrument is 1.1833. The Pound is highly likely to continue “losing weight” in the near future. No matter what decisions the Bank of England is going to make, […]

Type: Bearish Drop Key Levels:Resistance: 1784.25Pivot: 1743.25Support: 1717.75 Preferred Case:On the H4, with the price moving within the descending channel and below ichimpku cloud, we have a bearish bias that the price may drop from the pivot at 1743.25, which is in line with the swing lows to the 1st support at 1717.75, where the […]

Type: Bearish Drop Key Levels:Resistance: 13739.50Pivot: 12956.00Support: 12271.25 Preferred Case:On the H4, with the price moving below the ichimoku cloud and breaking the ascending channel , we have a bearish bias that the price may drop to the pivot at 12956.00 where the overlap support, 100% fibonacci projection and 38.2% fibonacci retracement are. Once there […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is falling within the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.1865 and then resume moving downwards to reach 1.1585. Another signal in favour of a further downtrend […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0070. However, an alternative scenario implies that the price may […]

Daily Market Outlook, August 22, 2022 Overnight Headlines US Yield Approaches 3% As Jackson Hole May Cement Hawkish Bets Oil Falls On Concerns Economic Slowdown May Dent Fuel Demand Asia Markets Mixed As Investors Weigh Concerns Over Fed Hikes China Cuts Benchmark Loan Prime Rate To Boost Faltering Economy Hawkesby:RBNZ Wants Rates ‘Comfortably Above Neutral’ […]