Category: Technial Analysis

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 […]

• USDJPY broke resistance level 116.30 • Likely to rise to resistance level 119.00 USDJPY continues to rise strongly after the earlier breakout of the key resistance level 116.30 (previous monthly high from January and February). The breakout of the resistance level 116.30 accelerated the active impulse waves (iii), 3 and (3). Given the clear […]

We would like to give you some good news about activity in the crypto market, but the BTC remains in a range, traders are quite inactive, and no new ideas are on the horizon. The situation is likely to be lame until Wednesday night when an extremely important meeting of the US Federal Reserve system […]

GBPUSD continues falling and updating its local lows. The British Pound is getting weaker against the USD on Monday. The current quote for the instrument is 1.3051. What is happening? First of all, GBPUSD is under significant pressure that comes from the “greenback, which is in demand as a “safe haven” asset during turbulent periods. […]

Type: Bullish ContinuationKey Levels:Resistance: 797’4 Pivot: 763’2Support: 778’2Preferred Case:With price expected to reverse off the stochastics indicator, we are bias that price will drop to our 1st support of 728’4 in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci retracement area from our pivot of 763’2 in line with the horizontal swing high resistance […]

Metals Market Corrects As Risk Sentiment ImprovesThe metals market has started the week on softer footing as risk sentiment rebounds amidst very cautious optimism over a potential truce between Ukraine and Russia. Following further peace talks, both sides have indicated hopes for a resolution over the coming week. While it is not yet known if […]