Category: Technial Analysis
Type : Bearish Drop Key Levels:Resistance : 924.7 Pivot: 901.4 Support : 874.9 Preferred Case: On the H1, price is moving below the ichimoku cloud which gives us a bearish bias that prices will drop to the pivot at 901.4 where the 78.6% fibonacci projection and swing low support are. Once there is downside confirmation […]
BRENT As we can see in the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to break 3/8 and continue moving downwards to reach the support at 1/8. However, this scenario may no longer be valid if the asset breaks […]
Oil Prices Rise 4%, And Brent Crude Is Above $113 Oil prices rose about 4% on Friday, June 24, supported by a supply shortage, although crude is heading for a second weekly decline amid concerns that higher interest rates could push the global economy into recession. US Federal Reserve Chairman Jerome Powell said Thursday that […]
Type : Bearish Momentum Key Levels:Resistance : 18.96 Pivot: 18.42 Support : 17.58 Preferred 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 18.42 in line with the 78.6% fibonacci projection to the 1st support […]
Type : Bearish Drop Key Levels:Resistance : 16.570 Pivot: 16.310 Support : 16.035 Preferred Case: On the H1, price is moving below the ichimoku cloud and within the descending channel which gives us a bearish bias that prices will drop to the pivot at 16.310 where the 78.6% fibonacci retracement , 61.8% fibonacci projection and […]
On Friday, the BTC is consolidating at $21,006. Yesterday’s trading session was the most successful for the BTC lately. The major cryptocurrency added 5.6% following the US indices and securities growth. There is a correlation between S&P 500/NASDAQ and the BTC, which is quite clearly seen right now. From the technical point of view, the […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0525. Possibly, the pair may form one more ascending structure towards 1.0619. Later, the market may trade downwards to break 1.0500 and then continue falling with the target at 1.0400. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is forming a new consolidation range around […]
Gold prices marginally increased, during trading today, Friday, June 24, 2022, but it is on its way to achieving the second consecutive weekly decline. This comes with fears that major central banks will implement significant increases in interest rates to contain hyperinflation, which is weighing on the demand for bullion. Gold prices today The price […]
Type: Bullish Bounce Key Levels:Resistance: 1.07724 Pivot: 1.04691 Support: 1.03514Preference: On the H4, with price moving in an ascending trendline, we have a bullish bias that price will rise from the pivot at 1.04691 in line with the 50% fibonacci retracement and pullback support to the 1st resistance at 1.07724 in line with the horizontal […]
Type: Bullish BounceKey Levels:Resistance: 138.669 Pivot: 134.729 Support: 131.492Preference: On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 134.729 in line with the pullback support and 38.2% fibonacci retracement to our 1st resistance at 138.669 where the 161.8% fibonacci extension and […]