Category: Technial Analysis
Type: Bearish ReversalKey Levels:Resistance: 1878.8 Pivot: 1861.7 Support:1805.9Preferred Case:On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop from our pivot at 1861.7 where the horizontal swing high resistance and 100% fibonacci projection are to our 1st support at 1805.9 in line with swing low support […]
Type: Bullish BounceKey Levels:Resistance: 1.37016 Pivot: 1.36069 Support:1.35508Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will drop and rise from our pivot at 1.36069 where the horizontal pullback support, 61.8% fibonacci projection and 38.2% fibonacci retracement to our 1st resistance at 1.37016 in line with […]
The BTC just can’t break through sales. On Wednesday, the major cryptocurrency is falling towards $20,137 – the asset doesn’t look inspiring at all. Yesterday, while the US indices were rising, the BTC price was trying to reach $21,723. It is a common fact that there is a correlation between S&P 500/NASDAQ and the BTC. […]
EURUSD couldn’t keep its positive momentum – the asset is retreating. The major currency pair got under pressure again in the middle of the week. The current quote for the instrument is 1.0499. According to the BBVA, the US bond yield might continue rising until the moment the US Fed stops raising its benchmark interest […]
Oil prices are down 5%, and Brent crude is below $110 Oil prices fell, about 5%, during trading today, Wednesday, June 22, 2022, amid US President Joe Biden’s effort to reduce high fuel costs. The White House is putting pressure on America’s major energy companies; To help alleviate the suffering of drivers during peak summer […]
Type : Bearish Momentum Key Levels: Resistance : 61692 Pivot: 60565 Support : 59367 Preferred Case: On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 60565 in line with the pullback resistance to the 1st support at 59367 in line with […]
Daily Market Outlook, June 22, 2022 Overnight Headlines UK inflation hits new 40 year high of 9.1% in May Asian Equity Markets Slide As Recession Angst Drives Tech Selling Bitcoin Sinks Again As Risk-Off Mood Returns On Recession Fears Biden To Call On Congress Wednesday To Pass A Gas Tax Holiday White House Economist Remains […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the resistance area. At the moment, EURUSD may reverse in the form of a new descending impulse. In this case, the downside target may be at 1.0420. However, an alternative scenario implies […]
EURUSD, “Euro vs US Dollar” After completing the correction at 1.0577, EURUSD is forming a new descending structure to break 1.0395 and may later continue falling with the target at 1.0210. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the correctional wave at 1.2320; right now, it is trading downwards to break 1.2065 […]
Type Bearish Reversal Key levels:Resistance: 138.784 Pivot: 135.589 Support:131.521 Preference: On the H4, with price approaching and expected to reverse off stochastic indicator, we have a bearish bias that price will drop from our pivot at 135.589 in line with the swing high resistance and 61.8% fibonacci projection to our 1st support at 131.521 in […]