Category: Technial Analysis
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 […]
XAUUSD, “Gold vs US Dollar” XAUUSD is no longer moving inside the cloud. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1840.00 and then resume moving upwards to reach 1905.00. Another signal in favour of a […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, such as Inverted Hammer, close to the support level, USDCAD is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.2700. However, an alternative scenario implies that the […]
Type: Bullish MomentumKey Levels:Resistance: 1746’4Pivot: 1681’0Support: 1664’0Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 1681’0 in line with the 38.2% fibonacci retracement to the horizontal overlap resistance at 1746’4 at the swing high.Alternative Scenario:Alternatively, price may break the support […]
Type: Bearish MomentumKey Levels:Resistance: 38672.65Pivot: 36071.55 Support: 34612.4Preferred Case:On the H4, with price recently reversing off the pivot , we have a bearish bias that price will drop from the pivot at 36071.55 in line with the 78.6% fibonacci retracement and swing high, to the overlap support at 34612.4 in line with the 78.6% fibonacci […]