Category: Technial Analysis
The Japanese yen against the US dollar began the new week with a consolidation. The current quote is 134.74. The market seems quiet, but there are reasons for it. Firstly, there are almost no serious statistics today, and investors save energy for future volatility. Secondly, all important events have already happened, and market players already […]
On Monday, the BTC is consolidating at 20,350 USD. Two very troublesome and nervous days passed, when the crypto survived a stressful decline and an attempt of a recovery. Over last week, the leading cryptocurrency lost 22.6%, which is a serious loss. The situation gets even worse because every attempt of recovery ended up in […]
Type: Bullish BounceKey Levels:Resistance: 1.77885Pivot: 1.75263Support: 1.74422Preferred Case:On the H4, with price moving above the ichimoku cloud and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 1.75263 in line with the overlap support, 50% fibonacci retracement and 61.8% fibonacci projection , to the 1st […]
Type: Bullish BounceKey Levels:Resistance: 135.56Pivot: 131.495Support: 129.56Preferred Case:On the H4, with price expected to bounce off stochastic indicator, we have a bullish bias that price will rise from our pivot at 131.495 where the horizontal swing low support, 78.6% fibonacci projection and 50% fibonacci retracement are to our 1st resistance at 135.56 in line with […]
Type: Bullish RiseKey Levels:Resistance: 974.7Pivot: 941.5Support: 919.7Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 941.5 in line with the overlap support and 23.6% fibonacci retracement to 1st resistance at 974.7 in line with the 78.6% fibonacci projection and […]
Another week comes to a close and as the weather heats up here in London it seems the markets are getting hotter also. There have been plenty of interesting developments and noteworthy moves this week. However, in FX especially, it seems the big move that has captured trader’s attention is the huge rally we’ve seen […]
EURUSD, “Euro vs US Dollar” The pair has formed w consolidation range around 1.0440 and with an escape upwards suggests a correction to 1.0620. Then the trend is likely to continue down to 1.0380. And if this level is also broken, a pathway to 1.0270 will open. GBPUSD, “Great Britain Pound vs US Dollar” The […]
Type: Bullish RiseKey Levels:Resistance: 62338Pivot: 61354Support: 60446Preferred Case:On the H1, price is moving above the ichimoku cloud and has broken out from descending trendline which supports our bullish bias that price will rise from the pivot at 61354 where the swing low support is to the 1st resistance at 62338 in line with the swing […]
The British Pound has been back in demand today following yesterday’s hawkish BOE meeting. While the central bank stuck to the signalled .25% hike, refraining from a larger .5% increase, the bank signalled that further tightening was likely coming in August. Indeed, with inflation at record highs, the BOE signalled that further tightening might be […]
EURUSD, “Euro vs US Dollar” The pair is correcting after noticeable growth. It rests under the Ichimoku Cloud, indicating a downtrend. A test of the lower border of the Cloud is expected at 1.0513, followed by falling to 1.0545. An additional signal confirming the decline will be a bounce off the upper border of the […]