Category: Technial Analysis

Fed Delivers The GoodsThe Fed went ahead with the well-expected .25% hike at its March meeting yesterday. Along with raising rates, which were voted for 8-1, the Fed also upgraded its dot-plot forecasts and economic projections. The Fed now forecasts 7 hikes over the year, up from just three in December, in line with the […]

• Silver reversed from support level 24.50• Likely to rise to resistance level 20.50 Silver recently reversed up twice from the key support level 24.50 (previous monthly high from January), strengthened by the 50% Fibonacci correction of the upward impulse from February . The upward reversals from this support level 24.50 created the two daily […]

• Platinum reversed from support zone• Likely to rise to resistance level 1040. Platinum recently reversed up from the support zone located between the support levels 1000.00 and 990.00 (which have been reversing the price from November), strengthened by the 50% Fibonacci correction of the upward impulse from February . The upward reversal from this […]

EURUSD, “Euro vs US Dollar” After rebounding from 1.0927, EURUSD continues growing towards 1.1145. Later, the market may form a new descending structure to reach 1.1034 and then resume trading upwards with the target at 1.1177. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the ascending wave at 1.3141, GBPUSD has formed a new […]

EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1030; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1005 and then resume moving upwards to reach 1.1250. Another signal in favour of a further uptrend will be […]

AUDUSD continues recovering supported by the statistics. The Australian Dollar is steadily rising against the USD on Thursday. The current quote for the instrument is 0.7322. Earlier today, Australia released several reports on its labour market. The data turned out to be quite positive and provided the Aussie with great support.  The Unemployment Rate in […]

EURUSD is back to rising after the US Fed’s restrained decision.  The major currency pair resumed growing. The current quote for the instrument is 1.1033. It’s been the fifth consecutive trading session within the uptrend.  So, the key highlight of this week has been finally over: the US Federal Reserve System had the meeting and […]

Type: Bullish BounceKey Levels: Resistance: 1686’0Pivot: 1667’2Support: 1658’4Preferred Case:With price expected to bounce off the RSI indicator, we have a bullish bias that price will rise to our 1st resistance at 1686’0 in line with the horizontal swing high resistance and 50% and 78.6% Fibonacci retracement from our pivot at 1667’2 in line with the […]

Type: Bullish BounceKey Levels:Resistance: 220.75Pivot: 211.10Support: 204.70Preferred Case:Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support level.Alternative Scenario: Price could also head […]

USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is approaching the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks the resistance at 8/8 […]