Category: Technial Analysis
Type: Bullish BounceKey Levels:Resistance: 1959.0Pivot: 1921.0Support: 1910.2Preferred Case:Prices have recently broken out of our descending trendline. We see the potential for further bullish continuation from our Pivot at 1921.0 in line graphical overlap and area of Fibonacci confluences towards our 1st resistance at 1959.0 in line with 61.8% Fibonacci Projection . Our bullish bias is […]
Type: Bullish BounceKey Levels:Resistance: 1033’0Pivot: 985’2Support: 959’0Preferred Case:Prices have approached our Pivot at 985’2 in line with 78.6% Fibonacci Projection. We see the potential for a bounce from our Pivot at 985’2 towards our 1st resistance at 1033’0 in line with 50% Fibonacci retracement and 61.8% Fibonacci Projection. RSI is at levels where dips previously […]
• NZDUSD reversed from key support level 0.6885• Likely to rise to resistance level 0.7000 NZDUSD recently reversed up with the daily Long-Legged Doji from the key support level 0.6885 (former monthly high from January). The support area near the support level 0.6885 was strengthened by the 20-day moving average and 38.2% Fibonacci correction of […]
• EURCHF broke key support level 1.020• Likely to fall to support level 1.01 EURCHF currency pair recently broke the key support level 1.020 (which has been reversing the pair from the start of March). The breakout of the support level 1.020 coincided with the breakout of the 50% Fibonacci correction of the upward ABC […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, having completed the correction at 1.1170, EURUSD is forming another descending wave with the first target at 1.0944 and may later correct towards 1.1060, thus forming a wide consolidation range around 1.0944. If the price breaks this range to the downside, the […]
On Monday, the BTC is consolidating near $46,028. The market activity has somewhat dropped. On the whole, last week was rather ambiguous for the BTC. After lots of doubts, the quotes headed for $47,000, so the goal of $51,000 remains valid. However, much depends on the international situation. For example, this week market players are […]
Type: Bullish BounceKey Levels:Resistance: 108.15Pivot: 99.38Support: 93.88Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our pivot at 99.38 which is a graphical overlap and in line with 78.6% Fibonacci Projection towards our 1st resistance at 108.15 in line with 50% Fibonacci retracement . Alternative Scenario:Alternatively, price may break our […]
Type: Bullish BounceKey Levels:Resistance: 25.010Pivot: 24.680Support: 24.565Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our Pivot at 24.680 in line with 78.6% Fibonacci Projection towards our 1st resistance at 25.010 in line with 61.8% Fibonacci Projection . Our bullish bias is further supported by RSI being on bullish momentum.Alternative […]
EURUSD, “Euro vs US Dollar” EURUSD is still forming the descending structure towards 1.1000. After that, the instrument may start another correction to reach 1.1066 and then resume trading downwards with the target at 1.0950. GBPUSD, “Great Britain Pound vs US Dollar” After breaking 1.3128 and reaching the short-term target at 1.3087, GBPUSD is expected […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the resistance level, USDCAD is reversing in the form of a new descending impulse. In this case, the downside target may be at 1.2430. However, an alternative scenario implies that the asset may […]