Category: Technial Analysis
EURUSD, “Euro vs US Dollar” The currency pair has secured above the Tenkan-Sen line and is moving under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.0515 is expected, followed by falling to 1.0275. An additional signal confirming the decline might become a bounce off the upper […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a reversal pattern Hammer. Going by the pattern, the quotes got in an ascending impulse. The goal of further correction might be the resistance level of 1830.00. However, the market situation might develop in such a way that the quotes will fall to […]
Type: Bullish RiseKey Levels:Resistance: 9976Pivot: 9202|Support: 9124Preferred Case:On the H4, with price moving above the icihimoku cloud and within the ascending trend channel, we have a bullish bias that price will rise from the pivot at 9202 in line with the 78.6% fibonacci projection to the 1st resistance at 9976 at the horizontal swing high.Alternative […]
Type: Bearish MomentumKey Levels:Resistance: 0.77520Pivot: 0.77310Support: 0.76480Preferred Case:On the H1, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from our pivot at 0.77310 in line with the swing high resistance to the 1st support at 0.76480 in line with the 161.80% fibonacci extension , 100% fibonacci projection […]
EURUSD, “Euro vs US Dollar” On H4, the pair formed a reversal Hammer pattern at the support level. Currently, if the pair goes by the signal, it might provoke an ascending impulse. The goal of the growth will be 1.0490. However, the price can still fall to 1.0340 without a pullback to the resistance level. […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-days Moving Average, which indicates a downtrend. A test of 1/8 is expected, followed by a breakaway and a decline to the support level of 0/8. The scenario can be cancelled by a breakaway of the support level of 3/8 upwards. In […]
Type: Bearish MomentumKey Levels:Resistance: 235.2Pivot: 225.25Support: 211. 40Preferred Case:On the H1, with price moving below the ichimoku indicator and along the descending trendline, we have a bearish bias that price will drop from our pivot at 225.25 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 211. 40 in […]
Bitcoin On The Ropes The collapse in Bitcoin has seen the market trading down to it slowest level since December 2020 this week. Firmly hawkish Fed expectations and a resurgent US Dollar have seen risk assets crumbling recently. Bitcoin is now trading down around 70% from the all-time-highs printed last year and has fallen by […]
On Tuesday, the EURUSD major remains depressed. Current quote is 1.0420. The main reason for global sales is the fear of increasing recession in the US economy. After last Friday the US published the inflation report for May, demonstrating growth to the 40-years high of 8.6% y/y, investors got scared. But of what? Firstly, they […]
EURUSD, “Euro vs US Dollar” The pair completed a declining wave to 1.0400. A link of correction to 1.0500 might occur, followed by a decline to 1.0270. After this level is reached, a link of correction to 1.0500 is expected. GBPUSD, “Great Britain Pound vs US Dollar” The pair demonstrated a declining wave to 1.2106. […]