Category: Technial Analysis
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 […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.2145 and then resume moving downwards to reach 1.1785 Another signal in favour of a further downtrend will […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.2980. Later, the market may break this […]
Type: Bearish MomentumKey Levels:Resistance: 1.2201Pivot: 1.2109Support: 1.1952Preferred Case:On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop to the pivot at 1.2109 in line with the swing low support, 78.6% fibonacci projection and 78.6% fibonacci retracement . Once there is downside confirmation, we would expect […]
Type: Bullish RiseKey Levels:Resistance: 0.0076495Pivot: 0.0074610Support: 0.0073395Preferred Case:On the H4, with moving above the ichimoku cloud , we have a bullish bias that price will rise to the pivot at 0.0074610 in line with the swing high resistance, 78.6% fibonacci retracement and 7100% fibonacci projection. Once there is upside confirmation, we would expect bullish momentum […]