Category: Technial Analysis
SNB SurpriseThe Swiss Franc has exploded higher today following a shock rate hike from the SNB. The market was widely expecting the SNB to leave rates at -0.75%, the lowest in the world. However, the bank joined the growing tide of central banks tightening their monetary policy by announcing a .5% hike at its June […]
Type: Bearish MomentumKey Levels:Resistance: 768.05Pivot: 760.90Support: 738.5Preferred Case:On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from the pivot at 760.90 in line with the overlap resistance and 61.8% fibonacci projection to the 1st support at 738.5 in line with the horizontal swing low.Alternative […]
Type: Bearish MomentumKey Levels:Resistance: 51158Pivot: 50742Support: 50157Preferred Case:On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 50742 in line with the swing high resistance and 38.2% fibonacci retracement to the 1st support at 50157 in line with the swing low support.Alternative […]
Type: Bearish MomentumKey Levels:Resistance: 16.715Pivot: 16.570Support: 16.105Preferred Case:On the H1, with price moving below the ichimoku indicator and within the descending channel , we have a bearish bias that price will rise to and drop from our pivot at 16.570 in line with the swing high resistance to the 1st support at 16.105 in line […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are above the 200-days Moving Average, which means prevalence of the uptrend. A test of 2/8 is expected, followed by a breakaway and growth to the resistance level of 3/8. The scenario can be cancelled by a breakaway of the support level at 1/8 downwards. […]
The Fed raised key interest rate by 75 basis points and signaled that a similar move could be expected in July. The announced pace of tightening means that the federal funds rate is likely to be above 3% by the end of the year, therefore the dollar will likely offer one of the best real […]
Type: Bullish RiseKey Levels:Resistance: 0.0075575Pivot: 0.0074695Support: 0.0074205Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 0.0074695 in line with the overlap support and 61.8% fibonacci retracement to 1st resistance at 0.0075575 in line with the 127.2% fibonacci extension and […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD formed a Hammer at the support level. Going by the signal, the pair currently get into another ascending impulse. The goal of the growth will be 1.3030. However, the price can still drop to the support level of 1.2870 with a subsequent bounce and continuation of […]
EURUSD, “Euro vs US Dollar” The currency pair demonstrated a declining wave to 1.0364. Today the market is continuing with a correction. Growth to 1.0520 is not excluded. Practically, there is a consolidation range forming around 1.0440. With an escape upwards, correction might develop to 1.0600. With an escape downwards, the trend might continue to […]
A new study warns of the risk of climate change worsening in coastal Britain, finding that rising seas will cause the loss of 200,000 homes in just 30 years. The study was carried out by a group of researchers at the British Center for Climate Research “Tindal Center” at the University of “East Anglia”, and […]