Category: Technial Analysis
Type: Bullish RiseKey Levels:Resistance: 1.09207Pivot: 1.07161Support: 1.05488Preferred Case:On the H4, with price moving above the Ichimoku indicator, we have a bullish bias that price will continue in its bullish momentum from our pivot at 1.07161 in line with 61.8% Fibonacci retracement, to our 1st resistance at 1.09207 at the swing high.Alternative Scenario:Price may reverse and […]
The Monday rebound of US equity markets increasingly resembles yet another “dead cat bounce” – already on Tuesday, futures on US indices (an indicator of sentiment on the US equity market after the close) and European stock indices have suffered significant losses, indicating that the S&P 500 will likely retest 3900 level at the New […]
• Gold broke resistance level 1855.00• Likely to test resistance level 1900.00 Gold continues to rise after the earlier breakout of the resistance level 1855.00 (former support from the start of May) and the 50% Fibonacci correction of the downward impulse from last month. The breakout of the resistance level 1855.00 should accelerate the active […]
• GBPCHF under bearish pressure• Likely to fall to support level 1.1955 GBPCHF currency pair under the bearish pressure after the price broke below the key multi-month support level 1.2100 (lower boundary of the sideways price range from the start of March). The breakout of the support level 1.2100 continues the active impulse waves (iii), […]
EURUSD, “Euro vs US Dollar” EURUSD is moving within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.0615 and then resume moving upwards to reach 1.0825. Another signal in favour of a further uptrend will be […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Engulfing reversal pattern not far from the resistance area. At the moment, the asset is reversing in the form of a new correctional impulse. In this case, the downside correctional target may be the support level at 1840.50. […]
Type: Bullish BounceKey Levels:Resistance: 1734Pivot: 1702Support: 1687Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1734 in line with the 127.2% Fibonacci extension from our pivot of 1702 in line with the horizontal pullback support and 23.6% Fibonacci retracement.Alternative Scenario:Alternatively, price […]
Type: Bullish BounceKey Levels:Resistance: 0.65503Pivot: 0.64134Support: 0.63681Preferred Case:Price has recently broken out from descending trend channel and is expected to move up to first resistance level at 0.65503, in line with 38.2% Fibonacci retracement. pivot is in line with 23.6% Fibonacci retracement, and overlap support level at 0.63681. price is also above Ichimoku cloud which […]
On Monday, the dollar continued to retreat on all fronts, but moderate optimism in the stock market suggests that the sell-off of the dollar is not caused by a quick recovery in risk demand, but by lowered expectations that US assets will best protect against stagflation risks. In light of the Fed’s intransigent stance on […]
Type: Bearish ContinuationKey Levels:Resistance: 103.235Pivot: 102.830Support: 102.370Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will drop to our support in line with the horizontal swing low support and 78.6% fibonacci projection from our pivot in line with the horizontal pullback resistance.Alternative Scenario: Alternatively, price may break pivot structure […]