Category: Technial Analysis
EURUSD resumed its growth after weak PMI releases. The major currency pair is back to growing. The current quote for the instrument is 1.0244. The start of this trading week was rather struggling – the economic calendar offered a lot of PMI data from China, the US, and the Euro Area, which was minor. On […]
EURUSD, “Euro vs US Dollar” Having formed the consolidation range around 1.0240 and broken it to the upside, EURUSD is expected to extend this ascending structure up to 1.0334 without any corrections. After that, the instrument may resume trading downwards to return to 1.0240 and then start another growth with the target at 1.0381. GBPUSD, […]
Type: Bullish Rise Key Levels:Resistance: 1508’4Pivot: 1400’4Support: Preferred Case:On the H4, with prices moving above the ichimoku indicator and broken out of the descending trendline , we have a bullish bias that price will rise from the pivot at 1438’6 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 1508’4 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing Tenkan-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.2115 and then resume moving upwards to reach 1.2465. Another signal in favour of a further uptrend will be a […]
GBPUSD is keeping the positive momentum gained earlier. The Pound Sterling continues to rise against the USD. The current quote for the instrument is 1.2235. The statistics published yesterday showed that Manufacturing PMI in the United Kingdom dropped to 52.1 points in July against the expected reading of 52.2 points. The indicator is slowing down […]
Type: Bullish Rise Key Levels:Resistance: 22.580Pivot: 20.475Support: 18.225 Preferred Case:On the H4, with prices breaking out of the descending trendline , we have a bullish bias that price will rise from the pivot at 20.475 where the swing low and 50% fibonacci retracement are to the 1st resistance at 22.580 where the overlap resistance is. […]
Type: Bullish Rise Key Levels:Resistance: 1.06965Pivot: 1.05910Support: 1.04780 Preferred Case:On the H4, with prices moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise to the pivot at 1.05910 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of […]
Type: Bullish Rise Key Levels:Resistance: 1.04665Pivot: 1.03120Support: 1.00260 Preferred Case:On the H4, with prices breaking the descending channel , we have a bullish bias that price will rise from the pivot at 1.03120 where the 38.2% fibonacci retracement is to the 1st resistance at 1.04665 where the overlap support is. Alternative Scenario:Alternatively, price could break […]
Type: Bullish Rise Key Levels:Resistance: 0.007784Pivot: 0.007629Support: 0.007490 Preferred Case:On the H4, with prices moving above the ichimoku indicator and broken out of the descending channel , we have a bullish bias that price will rise to the pivot at 0.007629 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0207. Possibly, today the pair may grow towards 1.0275 and then resume trading downwards with the target at 1.0117, or even extend this structure down to 1.0077. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.2167. Possibly, the pair may move upwards […]