Category: Technial Analysis
Type: Bullish BounceKey Levels:Resistance: 1718’6Pivot: 1692’4Support: 1676’4Preferred Case:With MACD moving in a bullish momentum and prices breaking the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at1718’6 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our pivot of 1692’4 in line with […]
The world is changing fast but the BTC rate remains an island of Buddhistic calmness and balance. The sideways channel between $28,600-$31,250 in the major cryptocurrency isn’t changing. On Wednesday, the BTC is trading at $30,076. We remind you that the area between $29,000-$30,000 remains very important. As long as the price is trading inside […]
NZDUSD continues rising supported by the RBNZ’s decisions. The New Zealand Dollar continues rising against the USD in the middle of the week. The current quote for the instrument is 0.6498. The Reserve Bank of New Zealand had another meeting earlier today. the benchmark interest rate was raised from 1.5% to 2.0%, just as expected. […]
Iraq is preparing to reap many profits from the rise in oil prices, which have been trading above the $100 per barrel barrier since the beginning of this year. Iraq expects that there will be no budget deficit, supported by the rise in crude prices, with financial savings that will be directed to a number […]
Type: Bullish RiseKey Levels:Resistance: 62005Pivot: 61328Support: 61328Preferred Case:With price moving within the ascending trend channel and above the ichimoku cloud, it supports our bullish bias that price will bounce off the pivot at 61328 in line with the confluence area with 50% fibonnaci retracement, 23.6% fibonacci retracement and 78.6% fibonacci projection , to the 1st […]
Type: Bullish BounceKey Levels:1st Resistance: 771’62nd resistance: 785’6Pivot: 760’2Support: 749’4Preferred Case:With price reaching the bottom of the trend channel and is expected to move within it, we have a bullish bias that price will rise from the pivot level at 760’2 in line with 78.6% Fibonacci projection and 161.8% Fibonacci extension , to the 1st […]
• EURCAD continues daily downtrend• Likely to fall to support level 1.3600 EURCAD recently reversed down from the pivotal resistance level 1.3755 (which reversed the pair multiple times from April). The resistance level 1.3755 is further strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci retracement of the previous downward impulse from […]
• EURGBP reversed from resistance level 0.8590• Likely to fall to support level 0.8450 EURGBP currency pair recently reversed down from the key resistance level 0.8590 (which has been reversing the price from last November) strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 0.8590 is currently forming the daily […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may slightly correct and test Kijun-Sen at 127.75, and then resume moving downwards to reach 124.65. Another signal in favour of a further downtrend […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming reversal patterns, such as Hammer, close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be at 1.2950. However, an alternative scenario implies that the asset may […]