Category: Technial Analysis
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 […]
The BTC continues rising steadily; on Wednesday, it is trading at $47,296. Yesterday, it even broke $48,200. The last several days were quite positive for the crypto market. Positive momentum in the BTC is supported by the strengthening of American stock indices. From the technical point of view, the BTC may break $47,500 and fix […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1109; 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 1.1045 and then resume moving upwards to reach 1.1275. Another signal in favour of a further uptrend will be a […]
Type: Bullish BounceKey Levels:Resistance: 4.8060Pivot: 4.7385Support: 4.7020Preferred Case:Price is near pivot level of 4.7385 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially bounce up to the 1st resistance level of 4.8060, in line with 100% Fibonacci projection and 127.2% Fibonacci extension, along with a graphical swing high resistance. Our bullish […]