Category: Technial Analysis
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, such as Engulfing, close to the support level, USDCAD is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.2670. However, an alternative scenario implies that the asset […]
Type: Bullish RiseKey Levels:Resistance: 51386Pivot: 50900Support: 50578Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 50900 where the overlap support, 50% fibonacci retracement and 61.8% fibonacci projection are to the 1st resistance at 51386 in line with the swing high […]
Type: Bullish RiseKey Levels:Resistance: 120.88Pivot: 119.21Support: 117.64Preferred Case:On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 119.21 where the pullback support is to the 1st resistance at 120.88 in line with the swing high resistance and 61.8% fibonacci projectionAlternative Scenario:Alternatively, price […]
Type: Bullish RiseKey Levels:Resistance: 12662.5Pivot: 11067.9Support: 10493.8Preferred Case:On the H4, with price moving within the ascending trend channel and above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 11067.9 in line with the swing low and 50% fibonacci retracement to the 1st resistance at 12662.5 in […]
Type: Bullish RiseKey Levels:Resistance: 7366Pivot: 7154.3Support: 6996.2Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending trendline, we have a bullish bias that price will rise from the pivot at 7154.3 in line with the 61.8% fibonacci projection to the 1st resistance at 7366 in line with the overlap resistance […]
EURUSD, “Euro vs US Dollar” EURUSD is forming a new descending wave towards 1.0674 and may later correct up to 1.0720. After that, the instrument may resume falling to break 1.0627 and then continue moving within the downtrend with the target at 1.0585. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is forming a new […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking 8/8, EURUSD is no longer moving within the “overbought area”. In this case, the price is expected to test 7/8, break it, and then continue falling to reach the support at 6/8. Still, this scenario may no longer be valid […]
Italy’s yields fall ahead of the ECB meeting, as markets increase their bets on ECB hikes. Benchmark Italian yields fell on Monday following news that the European Central Bank was planning a new bond-buying program to assist vulnerable economies, even as it is expected to discuss potential rate hikes to combat rising inflation later this […]
Starbucks Keeps Schultz OnShares in US coffeehouse-titan, Starbucks, are trading a little higher ahead of the open today. The company announced today that interim CEO Howard Schultz will remain in-place until March 20223 while the company searches for a new CEO. Starbucks is aiming to find a replacement by fall but will keep Schultz on […]
Type: Bullish RiseKey Levels:Resistance: 64046Pivot: 61739 Support: 58718Preferred Case:On the H4, with price moving within the ascending trend channel and above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 61739 in line with the 23.6% fibonacci retracement and 61.8% fibonacci projection to the 1st resistance at […]