Category: Technial Analysis
Type: Bullish Rise Key Levels:Resistance: 13864Pivot: 13361Support: 12968 Preferred Case:On the H4, with price moving in an ascending trendline, moving above the ichimoku cloud and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 13138 at the pullback support. If price breaks the intermediate resistance […]
• Natural gas broke resistance level 7.960 • Likely to rise to resistance level 9.000 Natural gas recently broke through the resistance level 7.960 (top of the previous wave (iv) from the middle of June) intersecting with the 61.8% Fibonacci correction of the earlier downward correction (B) from last month. The breakout of the resistance […]
• EURCHF reversed from support area • Likely to rise to resistance level 0.9940 EURCHF currency pair recently reversed up from the support zone located between the pivotal support 0.9820 (which stopped wave 3 in the middle of this month) and the lower daily Bollinger Band. The upward reversal from this support area can form […]
EURUSD, “Euro vs US Dollar” EURUSD is forming a new consolidation range around 1.0202. According to the main scenario, the pair may break the range to the downside and start another decline to reach 1.0144. If later the price breaks this level as well, the market may continue moving within the downtrend with the target […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. Still, this scenario may no longer be […]
Type: Bullish Rise Key Levels:Resistance: 9.060Pivot: 8.115Support: 7.195 Preferred Case:On the H4, with prices moving above the ichimoku cloud and in an ascending trend channel, we have a bullish bias that price will rise from the pivot at 8.125 in line with the pullback support to the 1st resistance at 9.060 where the pullback swing […]
Type: Bearish Momentum Key Levels:Resistance: 137.22Pivot: 136.44Support: 134.06 Preferred Case:On the H4, with price moving below the ichimoku indicator and has broken the ascending trendline, we have a bearish bias that price will rise and drop from the pivot at 136.44 where the pullback resistance, 78.6% fibonacci projection and 38.2% fibonacci retracement are to 1st […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing Tenkan-Sen and Kijun-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1935 and then resume moving upwards to reach 1.2235. Another signal in favour of a […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns close to the support level, such as Doji and Hammer, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.3070. Later, the market […]
Type: Bullish Breakout Key Levels:Resistance: 0.69579Pivot: 0.68608Support: 0.67995 Preferred Case:On the H4, with price moving above the ichimoku cloud, moving in an ascending support and breaking out of the descending trend channel, we have a bullish bias that price will rise from the pivot at 0.68608 at the overlap resistance to the 1st resistance at […]