Category: Technial Analysis
Type: Bullish RiseKey Levels:Resistance: 0.63190Pivot: 0.62480Support: 0.61865Preferred Case:On the H4, with price moving above the ichimoku cloud and has broken through the descending trendline, we have a bullish bias that price will rise to the pivot at 0.62480 in line with the swing high resistance and 61.8% fibonacci retracement. Once we have upside confirmation that […]
EURUSD is quite calm early in the week but is yet expected to continue falling. The major currency pair is stable on Monday. The current quote for the instrument is 1.0433. Today’s trading session is promising to be calm – the US is celebrating Independence Day and the economic calendar is rather empty. All major […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0365 along with the correction up to 1.0440, EURUSD continues falling towards 1.0354. Later, the market may correct to reach 1.0484 and then resume trading downwards with the target at 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at […]
Type: Bearish MomentumKey Levels:Resistance: 1.0791Pivot: 1.0668Support: 1.0364Preferred Case:On the H4, with price moving in a descending trendline on the RSI and price recently breaking the ascending trend channel, we have a bearish bias that price will drop form the pivot at 3834.00 in line with the 50% fibonacci retracement to the 1st support at 3641.25 […]
Type: Bearish MomentumKey Levels:Resistance: 1579’0Pivot: 1495’2Support: 1426’0Preferred Case:On the H1, with price moving below the ichimoku cloud , we have a bearish bias that price will drop to the pivot at 1495’2 in line with the swing low support. Once we have downside confirmation that price has broken past pivot structure, we would expect bearish […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, having returned to test 1.0770 from below, EURUSD is forming a new descending structure towards 1.0340 and may later correct up to 1.0440 at least. After that, the instrument may resume trading downwards with the target at 1.0207 or even extend this […]
The BTC is still selling. Investors are inactive, but the rate is definitely heading down – and no obstacles to this decline are on the horizon yet. On Monday, the leading cryptocurrency is heading for $19,083. Today is a holiday in the US – the Independence Day. Stock markets are closed, which means in the […]
Gas and coal prices continue to rise to record levels that will boost Australian revenues next year (2023), as it seems that the repercussions of the Russian invasion of Ukraine will not be enough to stand behind market volatility during the current year (2022). Revenues from the metals and energy sectors in Australia are supported […]
Major currency pairs struggle to choose direction on Monday, European indices move back into modest positive territory, US futures slip with S&P 500 futures trying to defend the 3800 level in order to prevent development of bearish momentum.Last week we saw a significant rally in key sovereign debt markets (US, EU), with long-term bond yields […]
Type: Bullish RiseKey Levels:Resistance: 1791.8Pivot: 1701.4Support: 1643.8Preferred Case:On the H4, with price moving in an ascending trendline, we have a bullish bias that price will rise from the pivot at 1701.4 at the overlap support in line with the 78.6% fibonacci projection to the resistance at the swing high at 1791.6 in line with the […]