Category: Technial Analysis

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 a new descending impulse. In this case, the downside target may be at 1.2510. However, an alternative scenario implies that the asset may correct […]

Type: Bullish BounceKey Levels:Resistance: 1.26644Pivot: 1.5541Support: 1.24303Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1.26644 in line with the 50% Fibonacci retracement and the swing high resistance from our pivot at 1.5541 in line with the 50% Fibonacci retracement and horizontal […]

CADCHF Eyeing Key LevelCADCHF is sitting at an interesting level here. Following the breakout above the .7367 highs, price has stalled into a test of major resistance at the .7496 level and is now sitting in a block of consolidation between the two level. .7496 has been a major ceiling for the pair over the […]

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 […]