Category: Technial Analysis

Type: Bullish BounceKey Levels:Resistance: 15254Pivot: 14496Support: 13843Preferred Case:With price approaching the support the Ichimoku cloud, we are biased that price will rise from our pivot structure at 14496 in line with the horizontal overlap support and 50% Fibonacci retracement to 1st resistance at 15254 in line with the horizontal overlap resistance and 61.8% Fibonacci projection […]

CIBCFX FlowsDXY Index firmed up after soft start. China and Hong Kong equity indices are in red territories.Small buying of EUR$ and its crosses following FT article where France said Putin has moved towards de-escalation. EUR¥ reached 132.00, some profit taking noted, this placed pressure on the EUR$. I was told that there are several […]

• American Express broke multi-month resistance level 188.75 • Likely to rise to resistance level 195.00 American Express today broke above the key multi-month resistance level 188.75 (which stopped the previous sharp upward impulse (5) in October of 2021). The breakout of the resistance level 188.75 should accelerate the active impulse waves 3 and (3). Given […]

• AUDJPY broke key resistance level 82.00 • Likely to rise to resistance level 83.00 AUDJPY currency pair recently broke the key resistance level 82.00 (which has been reversing the price from the middle of December). The breakout of the resistance level 82.00 coincided with the breakout of the daily down channel from January and […]

USDJPY rose after consolidating for several trading sessions.   The Japanese Yen dropped a little bit against the USD on Tuesday. The current quote for the instrument is 115.35. Global capital markets are well-affected towards risks and that reduces the demand for the Yen as a “safe haven” asset. According to the data released earlier […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset is quickly correcting to the upside after completing the previous downtrend, which failed to reach 76.0% fibo at 1.1047 due to convergence on MACD. As of now, the first rising impulse has already reached 23.6% fibo. In the nearest future, […]

Let’s Try That AgainGBPJPY is back in my sights again this week. I was last looking at it during the block of consolidation which formed ahead of 157.88, looking for a breakout. However, price ultimately resolved lower from that area. Following a rebound off the 153.39 level, we are now turning higher once again and […]

Equities Fighting To Recover LossesIt’s been a mixed start to the week for global equities indices as most of the benchmarks tracked here continue to fight to reclaim the recent losses seen. Uncertainty over the potential for war between Russia and Ukraine, as well as concerns over the hawkish shift seen across G10 central banks, […]

E-Mini NASDAQ 100 (NQ1!) H4, Potential Bullish Bounce Type : Bullish bounce Resistance: 128″07″0 Support : 126″24″5 Pivot : 127″04″0 Preferred Case: With price moving above the ichimoku cloud, we are biased that price will rise from our 1st support at 14493 in line with the horizontal overlap support and 50% Fibonacci retracement to 1st […]

10 Year T-bond (ZN1!), H4 | Potential Bullish ReversalIdea: Potential Bullish Reversal Resistance: 128″06″0 Support : 126″23″5 Pivot : 127″02″0Preferred Scenario: Price is trading in a descending channel has recently bounce from key support level. Price can potentially continue its bullish momentum from our pivot of 127″02″0 in line with 78.6% Fibonacci extension and 23.6% […]