Category: Technial Analysis

Type: Bearish DropKey Levels:Resistance: 152’02 Pivot: 154’22Support: 155’27Preferred Case:With price moving below the Ichimoku cloud, we have bearish bias that price will drop from our pivot of 154’22 in line with the horizontal pullback resistance to our 1st resistance of 152’02 in line with the horizontal swing low support and 161.8% Fibonacci extension. Alternative Scenario:Alternatively, […]

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 […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support level, USDCAD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.2855. However, an alternative scenario implies that the asset may correct […]

The dollar has got another growth driver. The PBOC unexpectedly lowered reference rate of CNY/USD which, may indicate its willingness to weaken the yuan against US currency. This is usually seen as downside factor for Asian currencies which ultimately may also support USD demand.Markets’ risk-on/risk-off swings continue to depend on the progress of peace talks […]

Netflix Sitting on Big SupportShares in streaming giant Netflix are threatening to break lower still this week. Following the recent rebound which saw price trading back up to near the 475.17 level, price has since reversed lower again and is now testing below the long term rising trend line and 352.91 level support.Netflix has seen […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF is trading at 0.9352; 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 0.9310 and then resume moving upwards to reach 0.9425. Another signal in favour of a further uptrend will be […]

EURUSD, “Euro vs US Dollar” EURUSD is still correcting towards 1.0880 and may later form one more ascending structure to break 1.0990. After that, the instrument may continue trading upwards with the target at 1.1122. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at 1.3015, GBPUSD is expected to fall towards […]

Type: Bearish RiseKey Levels:Resistance: 14405Pivot: 13118Support: 12640Preferred Case:Price near pivot level of 13118 in line with 78.6% Fibonacci retracement. Price can potentially go to the resistance level of 14405 in line with the 100% Fibonacci projection. Our bullish bias is supported by how price is expected to bounce off the support of the RSI indicator.Alternative […]

Type: Bearish DropKey Levels:Resistance: 4.801Pivot: 4.709Support: 4.357Preferred Case:Prices are on bearish momentum. We see the potential for a further bearish continuation from our Pivot at 4.709 in line 38.2% Fibonacci retracement towards our 1st support at 4.357 in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is further supported prices trading […]

• Dow Jones reversed from support zone • Likely to rise to resistance level 34000.00 Dow Jones recently reversed up from the support zone located between the support level 32310.00 (which has been steadily reversing the index from the start of 2021) and the lower weekly Bollinger Band. This support zone was further strengthened by […]