Category: Technial Analysis

• CADCHF under strong bullish pressure• Likely to rise to resistance level 0.7700 CADCHF currency pair is under strong bullish pressure after breaking through the major resistance level 0.7500, which has a long history of reversing this pair. The breakout of the resistance level 0.7500 accelerated the active impulse waves 3 and (3) which then […]

After reaching new highs, USDJPY started a correction. Having updated its 20-year lows against the USD, the Japanese Yen reached stability but is still looking very weak. The current quote for the instrument is 128.05. The Yen dropped to 129.41 this week but later managed to correct a little bit and reach stability. As the […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new correctional impulse. In this case, the upside correctional target may be at 1.0895. However, an alternative scenario […]

Gold prices fell in trading today, Thursday; The recovery in US Treasury yields reduced the demand for safe haven bullion stemming from the Ukraine crisis and its potential impact on the global economy. Yesterday, Wednesday, gold prices ended their trading with a decline for the second consecutive session, hitting its lowest level in more than […]

Tesla Beats EPS & Revenues Forecasts Q1Shares in US alternative energies and automotive maker, Tesla, are trading around 6% higher ahead of the US open today. This comes on the back of a solid Q1 earnings release yesterday. The company, headed by the enigmatic, and divisive, Elon Musk, reported an EPS of $3.22 over the […]

Type: Bearish ContinuationKey Levels:Resistance: 19.85Pivot: 19.59Support: 19.25Preferred Case:Price is near to the key pivot level and it is on a bearish pressure. We see the potential for a bearish continuation from our pivot level of 19.59 which is in line with 50% Fibonacci retracement and 161.8% Fibonacci extension towards our 1st support level of 19.25 […]

• Silver falling minor impulse wave 3• Likely to reach support level 24.10 Silver continues to fall inside the minor impulse wave 3, which started earlier from the resistance level 25.8 (previous reversal high from March) – strengthened by the upper daily Bollinger Band. The active impulse wave 3 belongs to the higher-order impulse wave […]

• NZDCAD reversed from resistance level 0.8500• Likely to fall to support level 0.8400 NZDCAD currency pair recently reversed down from the resistance level 0.8500 (former monthly strong support from the end of February), strengthened by 61.8% Fibonacci correction of the earlier upward impulse from January. The downward reversal from the resistance level 0.8500 started […]

EURUSD continues recovering after updating the lows earlier.  The major currency pair is trying to keep the positive momentum. The current quote for the instrument is 1.0918. One of the ECB policymakers said yesterday that the regulator might raise the benchmark interest rate as early as July. In his opinion, the ECB didn’t have to […]

EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the cloud’s upside border at 1.0897; bears have failed to fix the price below the support area at 1.0805. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at […]