Category: Technial Analysis
Type: Bearish ReversalKey Levels:Resistance: 1947.2Pivot: 1938.4Support: 1895Preferred Case:Prices have broken out of our ascending trendline. We see the potential for further bearish continuation from our Pivot at 1938.4 in line with 61.8% Fibonacci retracement towards our 1st support at 1895 in line with 61.8% Fibonacci Projection. Prices are trading below the Ichimoku cloud, further supporting […]
Type: Bullish BounceKey Levels:Resistance: 98.308Pivot: 97.72Support: 97.3Preferred Case:Prices have approached a pivot. We see the potential for a bounce from our Pivot at 97.72 in line with 100% Fibonacci Projection towards our 1st resistance at 98.308 in line with 61.8% Fibonacci Projection. RSI is at levels where bounces previously occurred.Alternative Scenario:Alternatively, prices may dip further […]
• EURUSD reversed from resistance level 1.1140• Likely to fall to support level 1.1000 EURUSD currency pair recently reversed down sharply from the key resistance level 1.1140 (former strong support from January). The resistance area near the resistance level 1.1140 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of […]
USDJPY is falling after updating its 7-year highs. The Japanese yen is recovering against the USD. The current quote for the instrument is 121.99. The Yen suffered serious stress in March and has lost 6% against the “greenback” since the beginning of 2022. Amid global risk aversion, market players chose the USD but right now […]
EURUSD is keeping its positive momentum; investors are interested in risks. The major currency pair is strengthening after a rebound. The current quote for the instrument is 1.1163. The risk attitude is slowly recovering, making the “greenback” sell attractive as a “safe haven” asset. The US data published yesterday was quite interesting and surprising, to […]
Type: Bullish ReversalKey Levels:Resistance: 1965.9Pivot: 1933.7Support: 1921.3Preferred Case:Prices have consolidated in an inverse head and shoulders pattern. We see the potential for a bounce from our Pivot at 1933.7 which is the break of the inverse head and shoulders neckline towards our 1st resistance at 1965.9 in line with 127.2% Fibonacci Projection . Our bullish […]
Type: Bullish BounceKey Levels:Resistance: 0.92986Pivot: 0.92224Support: 0.91622Preferred Case:On the H4, with price expected to bounce off the support of the stochastics indicator and the descending channel, we have a bias that price will rise to our 1st resistance at 0.92986 in line with the 50% Fibonacci retracement from our pivot at 0.92224 in line with […]
• Silver reversed from support level 24.50• Likely to rise to resistance level 25.85 Silver recently reversed up with the daily Hammer from the strong support level 24.50 (the previous monthly high from January). The support area near the support level 24.50 was strengthened by the lower daily Bollinger Band and the 50% Fibonacci retracement […]
• EURGBP reversed from resistance level 0.8480• Likely to fall to support level 0.8400 EURGBP currency pair recently reversed down sharply from the strong resistance level 0.8480 (the previous monthly high from February). The resistance area near the resistance level 0.8480 was strengthened by the upper daily Bollinger Band, the daily down channel from May, […]
NZDCHF, “New Zealand Dollar vs Swiss Franc” NZDCHF is rebounding from the cloud’s downside border trading at 0.6417; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6455 and then resume moving downwards to reach 0.6325. Another signal […]