Category: Technial Analysis
AUDUSD doesn’t care about global risk aversion and continues holding its position. The Australian Dollar doesn’t pay attention to the external pressure against the USD on Thursday. The current quote for the instrument is 0.7184. The Aussie is looking quite strong against the USD, which is now attacking on all fronts, but its chances to […]
EURUSD retreated to its weekly lows amid global risk aversion. The major currency pair is hanging not far from its weekly lows. The current quote for the instrument is 1.0680. Investors are getting more and more interested in “safe haven” assets and it’s very good for the “greenback”. The statistics from the US published yesterday […]
Type: Bearish MomentumKey Levels:Resistance: 8886Pivot: 8788Support: 8454Preferred Case:On the H1, price is moving below the ichimoku cloud and breaking from the ascending channel which supports bearish bias that price will drop from our pivot at 8788 in line with the pullback resistance to the 1st support at 8454 in line with the swing low support, […]
Type: Bearish MomentumKey Levels:Resistance: 1085’2Pivot: 1065’2Support: 1027’0Preferred Case:On the H1, price is moving below the ichimoku cloud which supports bearish bias that price will drop from our pivot at 1065’2 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 1027’0 in line with the swing low support.Alternative Scenario:Alternatively, price […]
EURUSD, “Euro vs US Dollar” Having completed the descending impulse at 1.0650, EURUSD is forming a new consolidation range there. If later the price breaks the range to the downside, the market may resume moving within the downtrend with the short-term target at 1.0555. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the pair is expected to rebound from 3/8 and then resume falling to reach the support at 1/8. However, this scenario may be cancelled […]
Zinc prices rose to their highest level in more than 3 weeks today, Monday, which in turn will contribute to the rise in the prices of electric cars in particular, given its importance in the growing industry. The benchmark zinc was traded on the London Metal Exchange, up 2.7% at $3,948 a ton, and the […]
Type: Bullish RiseKey Levels:Resistance: 27740Pivot: 27370Support: 27140Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will; rise from pivot at 27370 in line with the overlap support to the 1st resistance at 27740 in line with the 127.2% fibonacci extension and horizontal swing high.Alternative Scenario:Alternatively, […]
Type: Bullish RiseKey Levels:Resistance: 1026.3Pivot: 1000.5Support: 988.0Preferred Case:Price is moving within the ascending trend channel and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 1000.5 where the pullback support is to the 1st resistance at 1026.3 in line with the swing high resistance.Alternative Scenario:Alternatively, […]
• GBPCAD reversed from key support level 1.5795• Likely to rise to resistance level 1.5970 GBPCAD recently reversed up from the key support level 1.5795 (which stopped wave (iii) in the middle of May) – standing close to the lower daily Bollinger Band. The upward reversal from the support level 1.5795 stopped the earlier minor […]