Category: Technial Analysis

• EURCHF broke support area• Likely to fall to support level 1.000 EURCHF continues to fall after the earleir breakout of the support area located between the key support level 1.0200 and the support trendline of the daily down channel from last September. The breakout of this support area accelerated the active impulse waves 3 […]

Over the last 24 hours, the BTC rate lost almost 5%. On Friday, it is moving at $41,425; investors have been selling the asset for the third consecutive session. One of the reasons for that might be a close correlation between Bitcoin and the US stock market, the NASDAQ index in particular. Another possible reason […]

EURUSD updated its lows of 2020 and may fall deeper.  The major currency pair continues weakening on Friday. The current quote for the instrument is 1.1023. Demand for the USD can be explained by a global risk aversion.  Yesterday was the second day the Fed Chairman Jerome Powell spoke to Congress. This time, he said […]

Type: Bullish BounceKey Levels:Resistance: 34359Pivot: 34359 Support: 32906Preferred Case:With price expected to bounce off the support of the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 34359 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement from our pivot of 34359 in line with […]

Type: Bullish RiseKey Levels:Resistance: 91.707Pivot: 90.948Support: 90.113Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 91.707 in line with the horizontal swing high resistance from our pivot of 90.948 in line with the 50% Fibonacci retracement and horizontal overlap support.Alternative Scenario:Alternatively, price […]

• EUR50 broke support level 3750.00• Likely to fall to support level 3550.00 EUR50 index under the bearish pressure after recently breaking the support zone lying between the key support level 3750.00 (low of wave (i)) and the support trend line of the daily down channel from January. The breakout of this support zone accelerated […]

• Palladium broke resistance level 2700.00• Likely to rise to resistance level 3000.00 Palladium continues to rise sharply after the price broke the resistance level 2700.00 (which stopped the previous minor impulse wave 1 at the end of February). The breakout of this resistance level accelerated the active impulse wave 3, which belongs to the […]

XAGUSD, “Silver vs US Dollar” XAGUSD is trading at 25.10; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 24.65 and then resume moving upwards to reach 26.95. Another signal in favour of a further uptrend will be […]

EURUSD, “Euro vs US Dollar” After breaking 1.1080, EURUSD has finished the descending wave at 1.1015. Possibly, the pair may correct to reach 1.1090 and then resume trading downwards with the target at 1.1006. Later, the market may resume trading upwards to reach 1.1500. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around […]

Type: Bullish BounceKey Levels:Resistance: 159’16Pivot: 156’16Support: 155’01Preferred Case:Price near buy entry level of 156’16 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially bounce from this level to the resistance level of 159’16 in which is also the graphical swing high level. Our bullish bias is supported by the Ichimoku cloud […]