Category: Technial Analysis

USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to test the support at 4/8, break it, and then continue falling and reach 3/8. However, this scenario may no longer […]

Type: Bullish Rise Key Levels:Resistance: 3.5915Pivot: 3.4685Support: 3.3710 Preferred Case:On the H4, with price breaking the descending channel, we have a bullish bias that price will rise from our pivot at 3.4685 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 3.5915 where the swing high resistance is. Alternative Scenario:Alternatively, […]

Type: Bullish Rise Key Levels:Resistance: 13814Pivot: 13348Support: 13004 Preferred Case:On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 13348 in line with overlap support to the 1st resistance at 13814 where the 61.8% fibonacci retracement , […]

After five trading sessions of declining, the BTC managed to reach stability and is even trying to grow a bit. The asset is mostly fluctuating at $23,412. There isn’t too much activity in the cryptocurrency. It could be explained by controversial external background, investors’ concerns about geopolitics, and so on. However, the fact is: the […]

EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0190 and then forming a new consolidation range around this level, EURUSD has broken it to the downside. Later, the market may resume trading downwards with the target at 1.0100, or even extend this structure down to 1.0080. GBPUSD, “Great Britain Pound vs US […]

Type: Bearish Drop Key Levels:Resistance: 8.055Pivot: 7.665Support: 7.340 Preferred Case:On the H4, with price breaking the ascending trendline, we have a bearish bias that price may drop from our pivot at 7.665 where the overlap resistance is to the 1st support at 7.340, where the 50% fibonacci retracement is. Alternative Scenario:Alternatively, price could rise to […]

Type: Bullish Rise Key Levels:Resistance: 4201.75Pivot: 4072.00Support: 3948.25 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 from our pivot at 4072.00 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 4201.75 where the […]

• EURJPY reversed from support level 133.30 • Likely to rise to resistance level 136.75 EURJPY currency pair recently reversed up from the key support level 133.30 (which stopped wave 2 in May) – standing far outside of the lower daily Bollinger Band. The upward reversal from the support level 133.30 created the daily candlesticks […]

• CADJPY reversed from support level 102.00 • Likely to rise to resistance level 105.00 CADJPY currency pair recently reversed up from the key support level 102.00 (former resistance from April, which stopped the earlier minor correction (a) in June). The support zone near the support level 102.00 was strengthened by the lower daily Bollinger […]

After moving away from its 8-week low, USDJPY is recovering.  The Japanese Yen is falling against the USD on Wednesday. The current quote for the instrument is 133.17. The Yen was in demand when the US bond yield was plunging and the “greenback” was getting weaker, but these tendencies are now over. Nevertheless, the Yen […]