Type: Bearish Drop Key Levels:Resistance: 4078.75Pivot: 3944.00Support: 3725.25 Preferred Case:On the H4, with prices breaking out of the ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 3944.00 where the pullback resistance is to the 1st support at 3725.25 where the swing low […]
Type: Bullish Rise Key Levels:Resistance: 1.03220Pivot: 1.02695Support: 1.03220 Preferred Case:On the H4, with the price pullback from the support, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.02695, where the current price is to the 1st resistance at 1.03220, where the overlap […]
Type: Bearish Drop Key Levels:Resistance: 3.5785Pivot: 3.4160Support: 3.2760 Preferred Case:On the H4, with price breaking the trendline and moving below ichimoku indicator, we have a bearish bias that the price will drop to the pivot at 3.4160 where the swing low support, 78.6% fibonacci projection and 161.8% fibonacci extension are. Once there is downside confirmation […]
Type: Bearish Drop Key Levels:Resistance: 22420Pivot: 20785Intermediate Support: 19400Support: 18610 Preferred Case:On the H4, with price moving below an ichimoku indicator, we have a bearish bias that price will drop from pivot at 20785 where the pullback resistance, 100% fibonacci projection and 23.6% fibonacci retracement are to the 1st support at 18610 where the swing […]
Having tested the parity, the currency pair EUR/USD has pulled back from the support and reversed to jump and undergo correction. It’s clear that bears won’t be able to break the level of 1.0000 right away. Now, the asset’s price is targeting the downtrend. The price of this currency pair is likely to pull from […]
The recent narrowing of the spread between real interest rates in the EU and the US, although belatedly, helped the EURUSD to recover; the pair tested levels above parity, while the dollar index approached local highs (level 109 and above) again. Additional pressure on the European currency is exerted by the risks of a complete […]
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Type: Bearish Drop Key Levels:Resistance: 0.69610Pivot: 0.68560Support: 0.67920 Preferred Case:On the H4, with the price moving below the ichimoku cloud , we have a bearish bias that the price may drop from the pivot at 0.68560, which is in line with the swing low and 61.8% fibonacci retracement to the 1st support at 0.67920, where […]
Type: Bearish Drop Key Levels:Resistance: 2563.6Pivot: 2463.6Support: 2375.5 Preferred Case:On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 2463.6 where the pullback resistance is to the 1st support at 2375.5 where the pullback support and 61.8% fibonacci […]
ADP on Watch The release of today’s ADP employment figures for last month is drawing more attention than usual. The report will be the first since it was discontinued in May and will reflect the new methodology being used to assess the employment landscape, said to give a more accurate reading than the prior methodology. […]