Category: Technial Analysis
• FTSE 100 reversed from support level 7020.00 • Likely to rise to resistance level 7357.00 FTSE 100 index recently reversed up from the key support level 7020.00 (which has been reversing the pair from the middle of June), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 7020.00 started […]
• AUDUSD broke key resistance level 0.6870 • Likely to rise to resistance level 0.6960 AUDUSD currency pair recently broke above the key resistance level 0.6870 (which stopped wave (iv) at the start of this month). The breakout of the resistance level 0.6870 coincided with the breakout of the 50% Fibonacci correction of the downward […]
EURUSD, “Euro vs US Dollar” Having finished the ascending wave at 1.0200, EURUSD is correcting down to 1.0095. Later, the market may start another growth to reach 1.0230 and then resume moving within the downtrend with the target at 0.9830. GBPUSD, “Great Britain Pound vs US Dollar” After completing the ascending wave at 1.2030, GBPUSD […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading inside the “oversold area”. In this case, the price is expected to break 0/8 and continue growing to reach the resistance at 1/8. However, this scenario may no longer be valid if the price rebounds from 0/8 to the downside. After that, […]
European energy companies are facing many challenges, amid continuing to bleed losses and debts, and searching for ways to finance their businesses, whose costs have increased in light of the rise in oil and gas prices. And energy prices in Europe this year (2022) reached record levels, in the wake of the Russian invasion of […]
Type: Bullish Bounce Key Levels:Resistance: 1.20531Pivot: 1.19335Support: 1.17551 Preferred Case:On the H4, with prices breaking out of the descending channel and RSI moving along an ascending trendline, we have a bullish bias that prices will rise from the pivot at 1.19335 where the 38.2% fibonacci retracement and pullback support are to the 1st resistance at […]
Type: Bearish Reversal Key Levels:Resistance: 1.03532Pivot: 1.0198Support: 0.99541 Preferred Case:On the H4, with price moving within the descending trend channel, we have a bearish bias that price will drop from the pivot at 1.0198 at the swing high in line with the 38.2% fibonacci retracement and 100% fibonacci projection to the 1st support at 0.99541 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the bearish channel’s upside border. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1905 and then resume moving upwards to reach 1.2240. Another signal in favour […]
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 rising impulse. In this case, the upside correctional target may be the resistance […]
Credit Agricole – The EUR faced some selling interest last week, predominantly driven by IMM flows. Our FX flow data points at corporates and hedge funds inflows, as well as banks and real money investors outflows. All in all, the EUR is now in oversold territory. n The JPY experienced fresh selling interest last week, […]