Category: Technial Analysis

Type: Bullish BounceKey Levels:Resistance: 4.7660Pivot: 4.7370Support: 4.6840Preferred Case:We see the potential for a bearish continuation from our pivot at 4.7370 in line with 78.6% Fibonacci retracement our 1st support at 4.6840 in line with 50% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st resistance at 4.7660 […]

Type: Bearish ReversalKey Levels:Resistance: 1.02414Pivot: 1.01996Support: 1.01906Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our pivot at 1.01996 in line with the 38.2% Fibonacci retracement and horizontal overlap resistance to our 1st support at 1.00916 in line with the swing low support.Alternative Scenario:Alternatively, price may […]

• Fedex reversed from support level 200.00• Likely to rise to resistance level 210.00 Fedex earlier reversed up from the key round support level 200.00 (which stopped the previous intermediate impulse wave (C) at the start of March) – standing near the support trendline of the weekly down channel from August. The upward reversal from […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Hanging Man, not far from the resistance area. At the moment, the asset is reversing in the form of another correctional impulse. In this case, the downside correctional target may be the support level […]

USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to break 5/8 and then continue growing to reach the resistance at 6/8. However, this scenario may be cancelled if […]

Yields in the United States have risen in response to data and an ECB statement. The benchmark 10-year US Treasury yield rose slightly on Thursday, following a flurry of economic data and a policy announcement from the European Central Bank that was less aggressive than expected. Retail sales increased by 0.5 % in March, falling […]

Type: Bullish BounceKey Levels:Resistance: 1.0947Pivot: 1.08102Support: 1.06461Preferred Case:Price is near a key pivot. We see the potential for a bullish bounce from our pivot level of 1.08102 in line with 161.8% Fibonacci extension towards our 1st resistance level of 1.09381 in line with a 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is […]

Type: Bullish BounceKey Levels:Resistance: 0.68969Pivot: 0.68085Support: 0.67297Preferred Case:Price is near pivot level of 0.68085 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. It can potentially bounce up to 1st resistance level of 0.68969 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator where […]

• GBPJPY reversed from key round resistance level 164.65• Likely to fall to support level 163.00 GBPJPY today recently reversed down from the key resistance level 164.65 (previous monthly high from March) – coinciding with the upper daily Bollinger Band. The downward reversal from the resistance level 164.65 stopped the previous impulse wave (i). Given […]

• Freversed from resistance level 134.60• Likely to fall to support level 132.00 CHFJPY currency pair recently reversed down from the key round resistance level 134.60 (previous multi-month high from 2015) – standing near the upper daily and weekly Bollinger Bands. The downward reversal from the resistance level 134.60 created the daily candlesticks reversal pattern […]