Category: Technial Analysis
• AUDUSD reversed from resistance level 0.7530• Likely to fall to support level 0.7430 AUDUSD currency pair recently reversed down from the pivotal resistance level 0.7530 (which has been reversing the price from last October), intersecting with the upper daily Bollinger Band. The resistance zone near the resistance level 0.7530 was further strengthened by the […]
Thanks for great news, BTC! The leading cryptocurrency reached all the set goals, stepped over an extremely important threshold of $46,000, and is trading at $47,024 today. What is next? Technically, the nearest resistance is at $48,300, and this is a serious obstacle that prevents buyers from easily reaching $51,000. The reason for the growth […]
Sales in EURUSD increase; investors are escaping risks. The major currency pair continues falling. The current quote for the instrument is 1.0991. Demand for the American currency remains high. On one hand, market players are still trying to escape risks. On the other hand, they continue analysing possible moves of the US Fed in the […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami 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 1.0880. However, an alternative scenario implies […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 1/8, break it, and then continue falling to reach the support at 0/8. Still, this scenario may no longer be valid if the […]
Type: Bullish Rise Key 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 . […]
Type: Bearish Drop Key Levels:Resistance:1759’2 Pivot: 1728’4 Support : 1637’4 Preferred 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 […]
Another week comes to an end in financial markets and we’re also rounding out the first quarter of the year. We’ve seen plenty of action over the first three months of 2022 and this week proved no different with several big moves to focus on. Chatting with traders ahead of the weekend, however, it seems […]
Type: Bearish Drop Key Levels:Resistance: 15008 Pivot: 14912 Support : 14723 Preferred case: With price moving close to the ichimoku cloud resistance, we have a bearish bias that price will drop from our Pivot at 14912 in line pullback resistance and 78.60% Fibonacci retracement towards our 1st support at 14723 in line with the latest […]
Type: Bearish Reversal Key Levels:Resistance : 114.35 Pivot: 112.05 Support : 107.92 Preferred case: Prices have recently broken out of our ascending trendline support. We see the potential for a further bearish continuation from our Pivot at 113.23 in line graphical overlap and 23.6% Fibonacci retracement towards our 1st support at 112.05 in line with […]