Category: Technial Analysis

• GBPNZD reversed from long-term support level 1.8900• Likely to rise to resistance level 1.9135 GBPNZD recently reversed up from the long-term support level 1.8900 (which has been reversing the price from the start of 2021) -strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.8900 stopped the previous intermediate […]

The BTC is slowly going north but the good news is that there are more buyers than sellers. If the market succeeds in keeping the current uptrend for the next couple of days, there is a chance the asset might successfully test $45,000. In this case, the upside target will move to $46,000 and one […]

EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.1000 and then breaking this level, EURUSD is expected to continue growing towards 1.1042. After that, the instrument may resume falling to return to 1.1000 and then form one more ascending wave with the target at 1.1048. GBPUSD, “Great Britain Pound vs US Dollar” […]

Type : Bullish Bounce Key Levels:Resistance : 756’4 Pivot: 745’2 Support : 738’0 Preferred case: We see the potential for bullish bounce from our Pivot level at 756’4 in line 28.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st resistance level at 756’4 in line with 61.8% Fibonacci projection and 50% Fibonacci retracement. Our […]

Type: Bearish Reversal Key Levels:Resistance : 26.035 Pivot: 25.925 Support : 25.590 Preferred case: Prices have bounced off a Pivot. We see the potential for further bearish continuation from our Pivot at 25.925 in line graphical overlap and area of Fibonacci confluences towards our 1st support at 25.590 in line with 38.2% Fibonacci Retracement. Our […]

EURUSD is trying to keep its positive momentum and remain “in the black”. The major currency pair is slowly growing on Friday. The current quote for the instrument is 1.1014. The statistics published yesterday by the US showed that the country’s labour market is eventually recovering. The Initial Jobless Claims was 187K after being 215K […]

NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is trading at 0.6977; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6935 and then resume moving upwards to reach 0.7095. Another signal in favour of a further uptrend will […]

USDNOK Testing Key Support USDNOK is attempting to breakout to the downside here. With the Dollar failing to find lift-off following the hawkish FOMC last week, and with crude prices turning higher again here, NOK is soaring against the greenback. The breakdown through the rising trend line has now seen the market trading down to […]

Oil Traders Cut Longs Further The latest CFTC COT institutional positioning report shows that oil traders cut their net long positions to four-month lows last week. The combined net-long position in oil now sits at just 411k lots, just above the 400k lows marked in December 2021 when oil turned lower in the face of […]

Type: Bearish DropKey Levels:Resistance: 1759’2Pivot: 1728’4Support: 1637’4Preferred Case:With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637’4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728’4 in line with the 61.8% Fibonacci […]