Category: Technial Analysis
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Shooting Star reversal pattern close to the resistance area. At the moment, EURUSD is reversing in the form of a new descending impulse. In this case, the downside target may be at 1.1115. However, an alternative scenario […]
Type: Bearish DropKey Levels:Resistance: 108.74Pivot: 100.05Support: 94.45Preferred Case:Prices are consolidating in a triangular pattern. We see the potential for a dip from our pivot at 100.05 which is a graphical overlap and in line with an area of Fibonacci confluences towards our 1st support at 94.45 in line with 61.8% Fibonacci Projection.Alternative Scenario: Alternatively, price […]
Type: Bullish ReversalKey Levels:Resistance: 25.055Pivot: 24.670Support: 24.510Preferred Case:Prices have bounced off We see the potential for further bearish continuation from our Pivot at 24.670 which is a graphical swing low towards our 1st resistance at 25.055 in line with 61.8% Fibonacci retracement. Prices are trading above our Ichimoku cloud support, further supporting our bullish bias.Alternative […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to break 6/8 and then continue growing and reach the resistance at 7/8. However, this scenario may no longer be valid if the price […]
Type: Bearish ReversalKey Levels:Resistance: 1933.7Pivot: 1927Support: 1895.2Preferred Case:Prices have recently broken out of our descending trendline. We see the potential for further bearish continuation from our Pivot at 1927 in line graphical overlap and area of Fibonacci confluences towards our 1st support at 1895.2 in line with 100% Fibonacci Projection . Our bearish bias is […]
Type: Bearish DipKey Levels:Resistance: 219.25Pivot: 217.20Support: 212.45Preferred Case:We see the potential for bearish reversal from our Pivot level at 217.50 in line 23.6% Fibonacci retracement towards our 1st Support at 212.45 in line with 61.8% Fibonacci projection. Our bearish bias is supported by price trading below the Ichimoku cloud indicator.Alternative Scenario:If price continues to go […]
GBPUSD stopped falling; the pair is recovering. The Pound sterling stopped falling against the USD. The current quote for the instrument is 1.3137. The USD is weak today – it’s a great chance for other traded currencies to recover and the Pound is taking advantage of it. Market players are switching to risks but it’s […]
EURUSD has improved over the last 24 hours; the asset continues recovering. The major currency pair climbed into positive territory. The current quote for the instrument is 1.1155. Demand for the “greenback” as a “safe haven” asset dropped over the last 24 hours: investors’ risk attitude went up and they are ready to move on. […]
Type: Bearish DropKey Levels:Resistance: 1045’0Pivot: 1031’0Support: 977’2Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our pivot at 1031’0 which is a graphical overlap and in line with an area of Fibonacci confluences towards our 1st support at 977’2 in line with 200% Fibonacci […]
Type: Bearish ReversalKey Levels:Resistance: 25.140Pivot: 25.055Support: 24.690Preferred Case:Prices have recently broken out of our ascending trendline support and are on bearish momentum. We see the potential for further bearish continuation from our Pivot at 25.055 which is a graphical overlap towards our 1st support at 24.690 in line with 38.2% Fibonacci retracement. Prices testing the […]