Category: Technial Analysis
Type: Bearish BreakoutKey Levels:Resistance: 775.63Pivot: 768.05Support: 758.5Preferred Case:On the H1, with price moving below the ichimoku cloud and within the descending trend channel, it supports our bearish bias that price will drop from our pivot at 768.05 in line with the 78.6% fibonacci projection and the 23.6% fibonacci retracement to our 1st support at 758.5 […]
Type: Bearish ReversalKey Levels:Resistance: 128.092Pivot: 128.092Support: 126.527Preferred Case:On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our pivot at 128.092 where the horizontal overlap resistance and 23.6% fibonacci retracement are to our 1st support at 126.527 in line with the swing low support.Alternative Scenario:Alternatively, […]
• AUDUSD broke resistance level 0.71000• Likely to rise to resistance level 0.7250 AUDUSD currency pair recently broke the resistance level 0.7100 (which stopped the earlier minor wave A) intersecting with the 61.8% Fibonacci correction of the downward impulse 5 from the start of May. The breakout of the resistance level 0.71000 accelerated the C-wave […]
After a 2-day break, EURUSD resumed its growth. The major currency pair is back to growing on Friday. The current quote for the instrument is 1.0746. Demand for the USD is not rather low right now. First of all, the global risk attitude is quite high. Secondly, the US Fed confirms its strategy to tighten […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range below 1.0730 and breaking it to the upside, EURUSD is expected to continue moving upwards and reach 1.0820. Later, the market may form a new descending structure with the target at 1.0640. GBPUSD, “Great Britain Pound vs US Dollar” Having formed a new consolidation […]
With natural gas prices soaring, blue hydrogen is no longer a low-cost solution for the UK, but the focus on it is jeopardizing the country’s energy security amid the current supply crunch from Russia’s invasion of Ukraine. A recent report by the Institute for Energy Economics and Financial Analysis finds that the projected cost of […]
Type: Bearish MomentumKey Levels:Resistance: 786’4Pivot: 769’4Support: 735’6Preferred Case:On the H4, price is moving below the ichimoku cloud and within the descending trend channel which supports bearish bias that price will drop from our pivot at 769’4 in line with the 61.8% fibonacci projection , horizontal pullback support and 50.0% fibonacci retracement , to the support […]
Type: Bullish MomentKey Levels:Resistance: 62941Pivot: 62243Support: 61634Preferred Case:With the MACD having a bullish momentum and prices moving above the ichimoku cloud , which supports our bullish bias that price will rise from our pivot at 62243 in line with pullback support to our 1st resistance at 62941 where the 78.6% fibonacci projection , 78.6% fibonacci […]
• Exxon Mobil broke the resistance zone• Likely to rise to resistance level 100.00 Exxon Mobil recently broke the resistance zone lying at the intersection of the resistance level 95.00 and the resistance trendline of the daily up channel from the middle of March. The breakout of this resistance zone continues the active minor impulse […]
• CADJPY reversed from support zone• Likely to rise to resistance level 101.00 CADJPY earlier reversed up from the combined support zone located between the support level 98.45, lower daily Bollinger Band and the upper trendline of the recently broken weekly up channel from last year, The upward reversal from this support zone started the […]