Category: Technial Analysis
• General motors reversed from resistance level 65.00 • Likely to fall to support level 55.00 General motors recently reversed down from the multi-month resistance level 65.00 (which has been reversing the price from last year), intersecting with the upper weekly Bollinger Band. The downward reversal from the resistance level 65.00 created the weekly reversal […]
• EURUSD reversed from resistance level 1.1470 • Likely to fall to support level 1.13 EURUSD currency pair recently reversed down from the resistance level 1.1470, intersecting with the upper daily Bollinger Band and the daily up channel from November. The downward reversal from the resistance level 1.1470 is aligned with the clear daily downtrend. […]
USDJPY has been rising for the second consecutive trading session; the Bank of Japan is not ready to act aggressively. The Japanese Yen is retreating against the USD on Tuesday. The current quote for the instrument is 114.54. During its January meeting that ended earlier today, the Bank of Japan left its monetary policy intact. […]
EURUSD retreated to 1.1400 as soon as the US 10-year bond yield started rising. The major currency pair is correcting. The current quote for the instrument is 1.1393. After a pause in view of Martin Luther King Jr. Day in the US, investors are back to the debt market, where the US 10-year bond yield […]
Gold prices fell on Tuesday, affected by higher US Treasury yields, as investors looked for clues on the timetable for a US Federal Reserve interest rate hike from next week’s policy meeting. Gold Prices Today The price of gold futures contracts for February delivery decreased by 0.03%, to reach the level of $ 1815.90 an […]
The AUD/USD is hovering near a one-week low, below 0.7200, due to a stronger USD/risk-off environment. A combination of factors dragged AUD/USD to a one-week low on Tuesday. The AUD/USD pair remained offered during the first part of the European session, and was last seen lingering near a one-week low, just below the 0.7200 line. […]
Type: Bullish BounceKey Levels:Resistance: 1.0509Pivot: 1.04178Support: 1.04047Preferred Case:Price broke out of the descending trendline resistance on the daily, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 61.8% Fibonacci projection and 50% Fibonacci retracement towards 1st Resistance in line with 61.8% Fibonacci retracement and previous swing […]
Type: Bearish ReversalKey Levels:Resistance: 43811.Pivot: 42275.85Support: 39778.7Preferred Case:Price is abiding to the descending trendline resistance, signifying overall bearish momentum. We can expect price to continue to drop from pivot level in line with 23.6% Fibonacci retracement and graphical overlap support (if price close below pivot) towards 1st Support in line with 61.8% Fibonacci projection and […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking its consolidation range to the upside, EURUSD has broken 50.0% fibo. At the moment, the asset is starting a new pullback, which may later be followed by another growth towards 61.8% and 76.0% fibo at 1.1500 and 1.1570 respectively. The […]
EURUSD, “Euro vs US Dollar” Having finished the correctional wave at 1.1380, EURUSD is expected to form one more ascending structure to break 1.1435 and then continue trading upwards with the target at 1.1495. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the correctional wave at 1.3620. Possibly, today the pair may resume […]
