Category: Technial Analysis

AUDUSD is falling despite the rate expectations and statistics. The Australian Dollar is falling against the USD on Friday. The current quote for the instrument is 0.6726. The USD keeps attacking and it prevents the AUD from recovering, even considering strong statistics. The data published yesterday showed that Employment Change was 88.4K in June against […]

The BTC is rising on Friday and trading around $20,589. The major cryptocurrency has been recovering for the third consecutive trading session after plummeting to $18,905 on Wednesday. Market fluctuations were caused by the CPI data for June published by the US. Inflation rate showed 9.1% y/y, the highest reading in 41 years. Market expectations […]

Type: Bullish Bounce Key Levels:Resistance: 0.81056Pivot: 0.80283Support: 0.79355 Preferred Case:On the H4, with prices moving above the ichimoku indicator and has broken out of the descending trendline, we have a bullish bias that price will rise from the pivot at 0.80283 where the pullback support is to the 1st resistance at 0.81056 in line with […]

USD: Balance of risks tilted to upside Global risk sentiment continues to be challenged by adverse developments across the world. The US banking earning season has kicked off on the wrong foot, China reported the weakest growth numbers (0.4% YoY, vs 1.2% expected) in more than two years, new Covid variants are boosting infection and […]

Type: Bearish Momentum Key Levels:Resistance: 3816.00Pivot: 3744.75Support: 3643.75 Preferred Case:On the H4, 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 3744.75 where the 78.6% fibonacci projection and swing low support are. Once there is downside confirmation of price […]

Type: Bullish Bounce Key Levels:Resistance: 120’30’5Pivot: 118’07’0Support: 116’17’0 Preferred Case:On the H4, with price moving in an ascending trend channel and moving above the ichimoku cloud , we have a bullish bias that price will bounce off the pivot at 118’07’0 in line with the overlap support to the 1st resistance at 120’30’5 at the […]

• EURCAD reversed from major support level 1.3020 • Likely to rise to resistance level 1.3200 EURCAD recently reversed up from the major long-term support level 1.3020 (former multi-year low from the middle of 2015), standing outside of the lower weekly Bollinger band. The upward reversal from the support level 1.3020 is likely to form […]

EURUSD, “Euro vs US Dollar” EURUSD has finished the descending wave at 0.9997 along with the correction up to 1.0121. Possibly, today the pair may form a new descending structure towards 0.9975 and then start another correction with the target at 1.0220. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around 1.1878 and […]

Type: Bearish Momentum Key Levels:Resistance: 0.007362Pivot: 0.007296Support: 0.007126 Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trend channel and trendline, we have a bearish bias that price will continue to drop from the pivot at 0.007296 in line with the pullback resistance, 61.8% fibonacci projection and -27.2% fibonacci […]

Type: Bearish Momentum Key Levels:Resistance: 3.7979Pivot: 3.5345Support: 3.1892 Preferred Case:On the H4, with RSI moving along the descending trendline and price moving along the descending trendline, we have a bearish bias that price will drop to the pivot at 3.5345 where the 61.8% fibonacci retracement and pullback support are. Once there is downside confirmation of […]