Category: Technial Analysis

• WTI reversed from key resistance level 115.00• Likely to fall to support level 110.00 WTI crude oil recently reversed down from the key resistance level 115.00 (which stopped wave 1 at the end of March) – standing close to the upper daily Bollinger Band and the resistance trendline of the daily up channel from […]

• EURJPY broke key resistance level 138.15• Likely to rise to resistance level 140.00 EURJPY recently broke the key resistance level 138.15 (which stopped waves (a) and (b) at the start of May). The breakout the resistance level 138.15 accelerated the active minor impulse wave (iii), which belongs to the higher order impulse wave 3 […]

After growing earlier, AUDUSD is now correcting.  The Australian Dollar is falling a bit against the USD on Wednesday. The current quote for the instrument is 0.7180. The Aussie had a great run and now requires a correction. On the other hand, the “greenback” is increasing the pressure – investors need “safe haven” assets as […]

EURUSD has been declining for the second consecutive trading session; the risk attitude is not so great. The major currency pair continues slowly falling on Wednesday. The current quote for the instrument is 1.0731. The external background is slowly changing to cautious. In this situation, investors require “safe haven” assets, the “greenback” first of all, […]

Type: Bearish MomentumKey Levels:Resistance: 50877Pivot: 50577Support: 50290Preferred Case:On the H4, 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 50577 in line with the overlap resistance to the 1st support at 50290 in line with the pullback support, 161.8% […]

Type: Bullish MomentumKey Levels:Resistance: 354.15Pivot: 326.7Support: 309.05Preferred 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 the pivot at 326.7 in line with the 78.6% fibonacci projection to the overlap resistance at 354.15 in line with the 61.8% […]

EURUSD, “Euro vs US Dollar” Having completed the descending impulse at 1.0680 along with the correction up to 1.0746, EURUSD is forming another descending wave towards 1.0623. Later, the market may form one more ascending structure to return to 1.0680 and then resume moving within the downtrend with the target at 1.0584. GBPUSD, “Great Britain […]

BTC improved pretty much in the last couple of days. On Wednesday, the major cryptocurrency is trading at $31,540. The crypto market capitalisation is currently $1.313 trillion and the BTC share is about 46%. Some important resistance is now at $30,700. After fixing above this level, the BTC may continue rising towards $32,250 or even […]

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 overlap support and 23.6% fibonacci pullback to the 1st resistance at 17.980 in […]

Type: Bearish MomentumKey Levels:Resistance: 4293.75Pivot: 4199.75Support: 3971.25Preferred Case:On the H4, with price entering a bearish pressure area on our MACD indicator, we have a bearish bias that price will drop from the pivot at 4199.75 in line with the swing high to the horizonatal support level at 3971.25 in line with the 61.8% fibonacci projection […]