Category: Technial Analysis
Type: Bearish MomentumKey Levels:Resistance: 1.06560Pivot: 1.05470Support: 1.03665Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the pivot at 1.05470 at the pullback resistance in line with the 50% fibonacci retracement to the 1st support at 1.03665 […]
Type: Bullish BreakoutKey Levels:Resistance: 138.37Pivot: 136.7Support: 134.224Preferred 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 to our pivot at 136.7 where the swing high resistance and 127.2% fibonacci extension are. Once there is upside confirmation that price has broken […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Inverted Hammer, not far from the support area. At the moment, the asset may reverse in the form of a new correctional impulse. In this case, the upside correctional target may be the resistance […]
The BTC continues consolidating at $20,225. It’s a miracle! The major cryptocurrency fixed above $20,000. Frankly speaking, there were serious doubts about it. Technically, the target of this local recovery might have been $21,500-$21,700; however, a few rising impulses weren’t enough to make a lot of investors open long positions. No matter what, bears are […]
Type: Bullish RiseKey Levels:Resistance: 1795.1Pivot: 1700.5Support: 1659.8Preferred Case:On the H4, with price moving in an ascending trendline, we have a bullish bias that price will rise from the pivot at 1700.5 at the overlap support in line with the 61.8% fibonacci retracement to the resistance at the swing high at 1795.1 in line with the […]
Type: Bearish MomentumKey Levels:Resistance:12233.00Pivot: 11793.75Support: 11080.25Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 11793.75 at the pullback resistance in line with the 50% fibonacci retracement to the 1st support at 11080.25 at the swing […]
EURUSD, “Euro vs US Dollar” EUTUSD is still consolidating around 1.0430. Possibly, today the pair may start a new correction to test 1.0480 from below and then resume trading downwards with the target at 1.0355 or even extend this structure down to 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.2100. […]
Type: Bearish MomentumKey Levels:Resistance: 0.68560Pivot: 0.67685Support: 0.66595Preferred Case:On the H1, with price moving below the ichimoku cloud and along the descending trendline , we have a bearish bias that price will drop to the pivot at 0.67685 in line with the swing low support and 78.6% fibonacci projection . Once we have downside confirmation that […]
Type: Bearish MomentumKey Levels:Resistance: 1580’4Pivot: 1495’1Support: 1420’2Preferred Case:On the H1, with price moving below the ichimoku cloud and along a descending trendline , we have a bearish bias that price will drop to the pivot at 1495’1 in line with the swing low support. Once there is downside confirmation of price breaking pivot structure, we […]
GBPUSD has fixed inside the range but any risk will make it retreat. The Pound sterling is looking rather neutral against the USD on Tuesday. The current quote for the instrument is 1.2110. There are still a lot of risks for the British currency. One of the latest is the decline in consumer confidence, which […]