Category: Technial Analysis
Type: Bullish BounceKey Levels:Resistance: 0.93967Pivot: 0.93013Support: 0.9228Preferred Case:On the H4, with price moving in an ascending channel and expected to bounce off the stochastics indicator, we have a bias that price will rise to our 1st resistance at 0.93967 in line with the 61.8% Fibonacci retracement from our pivot at 0.93013 in line with the […]
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 test 5/8, break it, and then continue growing to reach the resistance at 6/8. However, this scenario may be […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Harami pattern not far from the resistance level. At the moment, the asset is reversing in the form a new correctional impulse. In this case, the downside correctional target may be the support area at 1920.00. At the […]
SNB Holds Steady The March SNB monetary policy meeting today saw the central bank holding rates unchanged, as expected. In the statement issued alongside the decision, Jordan noted that the bank had “tolerated” a certain level of strengthening in CHF against other currencies, given the better inflationary environment in Switzerland. February CPI came in at […]
Type: BearishKey Levels:Resistance: 14829Pivot: 14642Support: 14270Preferred Case:With price expected to reverse off the stochastics resistance, we have a bearish bias that price will from our Pivot at 14870 in line pullback support and 78.6% Fibonacci retracement towards our 1st support at 14036 in line with the pullback support and 23.6% Fibonacci retreatment.Alternative Scenario:If prices were […]
• Spain 35 index reversed from resistance level 0.94• Likely to fall to support level 8200.00 Spain 35 index recently reversed down with the daily Bearish Engulfing from the pivotal resistance level 8465.00 (former strong support from January and February). The resistance zone near the resistance level 8465.00 was strengthened by the 61.8% Fibonacci correction […]
USDJPY updating its 6-year highs; the “greenback” is in demand. The Japanese Yen dropped to the lows of December 2016 against the USD. The current quote for the instrument is 121.66. The “greenback’s” attack is too strong for the Yen to keep the balance. However, given the current circumstances, the weak JPY might still help […]
EURUSD is back to falling; investors are selling due to increased risks. The major currency pair found itself under pressure on Thursday. The current quote for the instrument is 1.0984. In the last 24 hours, risk aversion returned to global financial markets, including the currency one. There is an opinion that EURUSD might remain under […]
Type: Bearish ReversalKey Levels:Resistance: 19.89Pivot: 19.57Support: 19.09Preferred Case:Price is approaching our pivot level of 19.57 in line with 138.2% Fibonacci extension and 78.6% Fibonacci retracement. We see the potential for a bearish reversal towards our 1st support level of 19.09 in line with 38.2% Fibonacci retracement. Our bearish bias is further supported by the stochastic […]
Type: Bullish RiseKey Levels:Resistance: 14870Pivot: 14090Support: 13466Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will from our Pivot at 14090 in line pullback support and 23.6% Fibonacci retracement towards our 1st resistance at 14870 in line with the pullback resistance and 78.6% Fibonacci retracement .Alternative Scenario:If prices were […]