Category: Technial Analysis
USDCAD, “US Dollar vs Canadian Dollar” USDCAD is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2595 and then resume moving downwards to reach 1.2275. Another signal in favour of a […]
Type: Bullish RiseKey Levels:Resistance: 821.05Pivot: 790.95Support: 772.10Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending trend channel, we have a bullish bias that price will rise from our pivot at 790.95 in line with the 23.6% fibonacci retracement and 61.8% fibonacci projection to the 1st resistance at 821.05 in […]
Type: Bullish RiseKey Levels:Resistance: 28350Pivot: 27810Support: 27550Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 27810 at the overlap support to the 1st resistance at 28350 in line with the 127.2% fibonacci expansion and swing high.Alternative Scenario:Price may also […]
Type: Bullish RiseKey Levels:Resistance: 62842Pivot: 61613Support: 60555Preferred Case:On the H1, price is bouncing off the ichimoku support which supports our bullish bias that price will rise from the pivot at 61613 where the overlap support and 61.8% fibonacci retracement are to the 1st resistance at 62842 in line with the 61.8% fibonacci projection and swing […]
EURJPY Breakout in Full SwingThe rally in EURJPY this week has seen ourrecent long idea hitting its target at 140.82. Weakness in JPY amidst an uptick in risk sentiment is helping drive the pair higher. Additionally, hawkish ECB expectations ahead of the upcoming ECB meeting this week are adding further support. With the ECB expected […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the descending wave at 1.0675 and may later correct up to 1.0710. After that, the instrument may resume falling to break 1.0640 and then continue moving within the downtrend with the target at 1.0585. GBPUSD, “Great Britain Pound vs US Dollar” Having rebounded from 1.2560, GBPUSD is […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 3/8 and then continue growing to reach the resistance at 4/8. However, this scenario may no longer be valid […]
Type: Bullish RiseKey Levels:Resistance: 51144Pivot: 50723Support: 50416Preferred Case:On the H1, stochastic indicator is bouncing off resistance level which supports our bullish bias that price will rise from the pivot at 50723 where the swing low support and 78.6% fibonacci retracement are to the 1st resistance at 51144 in line with the pullback resistance and 61.8% […]
Type: Bullish RiseKey Levels:Resistance: 1716’4Pivot: 1702’6Support: 1675’4Preferred Case:Price is moving below the ichimoku cloud which supports our bearish bias that price will drop from the pivot at 1702’6 where the overlap resistance and 23.6% fibonacci retracement are to the 1st resistance at 1716’4 in line with the swing high resistance, 50% fibonacci retracement .Alternative Scenario:Alternatively, […]
The Aussie’s first response to the RBA’s decision was a plunge, but then the asset reached stability. The Australian Dollar is looking neutral against the USD on Tuesday. The current quote for the instrument is 0.7188. The Reserve Bank of Australia had another meeting today, which didn’t go as expected. The benchmark interest rate increased […]