Category: Technial Analysis
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Doji reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0850. However, an alternative scenario implies […]
Type: Bearish ContinuationKey Levels:Resistance: 127.265Pivot: 118.174Support: 105.976Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support at 105.976 in line with the 61.8% fibonacci retracement and horizontal swing low support from our pivot at 118.174 in line with the horizontal overlap resistance […]
Type: Bullish RiseKey Levels:Resistance: 9171Pivot: 8937Support: 8760Preferred 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 8937 where the overlap support is to the 1st resistance at 9171 in line with the 127.2% fibonacci extension and […]
Type: Bullish MomentumKey Levels:Resistance: 969.1Pivot: 945.2Support: 913.5Preferred Case:On the H4, the MACD indicator shows that price is in a bullish pressure area, while stochastics shows an upward trend, which supports our bullish bias that price will rise from the pivot at 945.2 at the overlap support and in line with the 38.2% fibonacci retracement to […]
Type: Bullish RiseKey Levels:Resistance: 17.980Pivot: 17.430Support: 16.990Preferred Case:Price is moving within the ascending trend channel and is breaking through the ichimoku cloud in an uptrend momentum which supports our bullish bias that price will rise from the pivot at 17.430 where the pullback support is to the 1st resistance at 17.980 in line with the […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, such as Shooting Star, close to the resistance level, USDCAD is reversing in the form of another descending impulse. In this case, the downside target may be at 1.2620. However, an alternative scenario implies that the […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is within the “overbought area”. In this case, the price is expected to break 8/8 and then continue falling to reach the support at 6/8. Still, this scenario may no longer be valid if the price breaks the resistance at +1/8 […]
Kuroda Comments Weigh on JPYThe Japanese Yen is under pressure once again today, not least from the rebound in risk sentiment which is sapping safe-haven flows. BOJ governor Kuroda was seen making a series of dovish comments to Japanese parliament overnight. Kuroda told lawmakers that the BOJ will continue with its huge monetary easing program […]
Type: Bullish RiseKey Levels:Resistance: 731’3Pivot: 699’2Support: 684’6Preferred Case:Price is moving along the ascending trendline and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 699’2 where the pullback support is to the 1st resistance at 731’3 in line with the 78.6% fibonacci projection , 61.8% […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from Tenkan-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.2545 and then resume moving upwards to reach 1.2905 Another signal in favour of a further uptrend will be […]