Category: Technial Analysis

Type: Bullish BounceKey Levels:Resistance: 1.21968Pivot: 1.21369Support: 1.21046Preferred Case:Prices are at Pivot, we see the potential for a bounce from our Pivot at 1.21369 towards our 1st resistance at 1.21968 in line with 200% Fibonacci projection and 38.2% Fibonacci Retracement. Divergence is spotted on RSI.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 1.21046 in […]

Type: Bullish BounceKey Levels:Resistance: 3470Pivot: 3030Support: 2763Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bias that price will rise to our 1st resistance at 3470 in line with the horizontal swing high resistance from our pivot at 3030 in line with the horizontal pullback support and 50% Fibonacci retracement.Alternative […]

Type: Bearish DropKey Levels:Resistance: 14899Pivot: 14707Support: 14355Preferred Case:With price moving below the Ichimoku cloud and the recent trendline breakout, we have a bearish bias that price will drop from our Pivot at 14707 in line with the horizontal swing high and 61.8% Fibonacci retracement towards our 1st support at 14355 in line with the horizontal […]

Type: Bullish PressureKey Levels:Resistance: 140.57Pivot: 135.31Support: 132.61Preferred Case:Price is near pivot level of 135.31 in line with 50% Fibonacci retracement and 100% Fibonacci projection. Price can potentially rise up to the 1st resistance level at 140.57, in line with 78.6% Fibonacci retracement and 100% Fibonacci projection. Our bullish bias is further supported by the stochastic […]

Type: Bearish DipKey Levels:Resistance: 229.45Pivot: 227.30Support: 220.80Preferred Case:We see the potential for further bearish continuation from our Pivot at 227.30 in line 78.6% Fibonacci projection towards our 1st support at 220.80 in line with 50% Fibonacci retracement. Our bearish bias is further supported by stochastic indicator where it is at resistance level.Alternative scenario:Price might move […]

Type: Bearish DropKey Levels:Resistance: 1652’0Pivot: 1623’6Support: 1580’0Preferred Case:With price moving below the Ichimoku cloud, we see the potential for bearish drop from our Pivot level at 1623’6 in line 23.6% Fibonacci retracement towards our 1st support level at 1580’0 in line with the daily horizontal swing low support and 161.8% Fibonacci extension.Alternative Scenario: If price […]

• USDCHF reversed from key support level 0.9200• Likely to rise to resistance level 0.9300 USDCHF recently reversed up from the key support level 0.9200, intersecting with the lower daily Bollinger Band. The support area near the support level 0.9200 was further strengthened by the support trendline of the weekly up channel from June and […]

EURUSD, “Euro vs US Dollar” EURUSD is still forming the descending structure towards 1.1053. After that, the instrument may start another correction to reach 1.1092 and then resume trading downwards with the target at 1.1015. GBPUSD, “Great Britain Pound vs US Dollar” After completing the correctional wave at 1.3174, GBPUSD is forming a new descending […]

BRENT In the H4 chart, after breaking the 200-day Moving Average, Brent is trading below it to indicate a descending tendency. In this case, the price is expected to continue moving downwards to reach the support at 0/8. However, this scenario may no longer be valid if the asset breaks the resistance at 2/8 to […]

Type: Bullish BounceKey Levels:Resistance: 1965.9Pivot: 1933.7Support: 1921.3Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our Pivot at 1933.7 in line with 61.8% Fibonacci Retracement towards our 1st resistance at 1965.9 in line with 127.2% Fibonacci Projection . Our bullish bias is further supported prices trading above our Ichimoku clouds […]