Category: Technial Analysis
• 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 […]
EURUSD has plunged in the last 24 hours; the “greenback” is in demand. The major currency pair plummeted. The current quote for the instrument is 1.0180. Demand for “safe haven” assets went up and the USD took advantage of the situation. Geopolitics, of course, is talking on the central stage. We’re talking about the speaker […]
Type: Bullish Rise Key Levels:Resistance: 4202.75Pivot: 4072.00Support: 3949.75 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 4072.00 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 4202.75 where the […]
Type: Bullish Rise Key Levels:Resistance: 1.0430Pivot: 1.0198Support: 1.0007 Preferred Case:On the H4, with prices breaking the descending channel , we have a bullish bias that price will rise from the pivot at 1.0198 where the 23.6% fibonacci retracement is to the 1st resistance at 1.0430 where the 50% fibonacci retracement is. Alternative Scenario:Alternatively, price could […]
Type: Bearish Drop Key Levels:Resistance: 625’2Pivot: 588’4Support: 560’6 Preferred Case:On the H4, with prices going within the descending trend, we have a bearish bias that price will drop from the pivot at 588’4 where the 61.8% fibonacci retracement is to the 1st support at 560’6 where the swing low is. Alternative Scenario:Alternatively, price could break […]
Type: Bullish Rise Key Levels:Resistance: 24310Pivot: 22535Support: 20730 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 22535 where the pullback support, 50% fibonacci retracement and 61.8% fibonacci projection are to the 1st resistance […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 7/8 and continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8 […]
The planned visit of US House Speaker Nancy Pelosi to Taiwan has the potential to exacerbate relations between the US and China, which in the foreign exchange market will be expressed in the strengthening of the dollar, increased demand for safe havens, weakening of the CNY and currencies that get clues from the moves of […]
Type: Bullish Rise Key Levels:Resistance: 33437Pivot: 32495Support: 31864 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 32495 where the pullback support is to the 1st resistance at 33437 where the swing high resistance and […]