Category: Technial Analysis
Type: Bullish BounceKey Levels:Resistance: 25.8Pivot: 24.705Support: 24.110Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our Pivot at 24.705 in line with 100% Fibonacci Projection towards our 1st resistance at 25.8 in line with 78.6% Fibonacci Projection . Our bullish bias is further supported prices trading above our Ichimoku clouds […]
Type: Bullish BounceKey Levels:Resistance: 2346.0Pivot: 2192.0Support: 2124.5Preferred Case: Price is near pivot level of 2192.0 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially rise up to the 1st resistance level at 2346.0, in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Our bullish bias is further supported by the […]
The BTC couldn’t continue the rising impulse to $51,000 on Friday – it corrected down to $44,858 instead. The correction was one of the possible scenarios, especially as American stock indices went down. From the technical point of view, there is nothing dramatic. However, the correction might push the BTC down to $44,200 or even […]
EURUSD is falling on Friday; investors are escaping risks again. After taking a short break, the major currency pair is back to falling. The current quote for the instrument is 1.1072. Possible reasons for this decline are that market players are saving their strengths in anticipation of the US labour market statistics and global geopolitical […]
Type: Bullish BounceKey Levels:Resistance: 19.88Pivot: 19.59Support: 18.84Preferred Case: We see the potential for further bearish continuation from our Pivot at 19.59 in line 78.6% Fibonacci projection towards our 1st support at 18.84 in line with 61.8% Fibonacci retracement and 100% Fibonacci Projection . Our bearish bias is further supported by stochastic indicator where it is […]
Type: Bullish PressureKey Levels:Resistance: 4.8270Pivot: 4.7060Support: 4.6830Preferred Case:Price is near pivot level of 4.7060 in line with 61.8% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 4.8120, in line with 138.2% Fibonacci extension and 61.8% Fibonacci projection. Our bullish bias is further supported by the stochastic indicator where it is […]
Oil prices fell by about 5% during trading today, Thursday, after news that the United States intends to free up to 180 million barrels of its strategic oil reserves, which is the largest in the history of the strategic oil reserves of nearly 50 years. The significant decline in oil prices comes at a time […]
European equities are under moderate pressure amid signals that the optimism about imminent end of hostilities in Ukraine was premature. There are reports that Russia concentrates main forces for the liberation of Donbass, in turn, the West regards this as a maneuver or a regrouping of troops. The dollar has rebounded from the bottom of […]
Type: Bullish BounceKey Levels:Resistance: 0.6997Pivot: 0.693Support: 0.6878Preferred Case:Price is near to the pivot level of 0.693 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. It can potentially rise towards the 1st resistance level of 0.6997 in line with 100% Fibonacci projection and -27.2% Fibonacci expansion. Our bullish bias is supported by price trading […]
EURUSD, “Euro vs US Dollar” Having finished the ascending wave at 1.1182, EURUSD is expected to form a new descending structure with the first target at 1.1111. After that, the instrument may start another correction towards 1.1140 and then resume trading downwards to reach 1.1010. GBPUSD, “Great Britain Pound vs US Dollar” After completing the […]