CHFJPY Potential for Bullish Rise towards overlap resistance
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleCHFJPY Potential for Bullish Rise towards overlap resistanceTypeBullish BreakoutPreference:Looking at the H4 chart, my overall bias for CHFJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish […]
USD/ZAR Humbled by Psychological Resistance at 17.700
US Dollar Rand (USD/ZAR) Price Outlook: Rand shrugs off Eskom woes and rising debt burden after 100 consecutive days of rolling blackouts (load shedding). USD faces uncertainty as geopolitical tensions rise. USD/ZAR price action faces pressure after brief retest of psychological resistance at 17.700. Recommended by Tammy Da Costa Get Your Free Top Trading Opportunities […]
Dollar: path of least resistance. Forecast as of 06.02.2023
2023.02.06 2023.02.06 Dollar: path of least resistance. Forecast as of 06.02.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US jobs report did more good for the US dollar than Jerome Powell’s speech. The markets can still resist the Fed, but not the fact that USD’s old advantages can start working again. Let’s discuss this topic and make up a trading plan […]
USDJPY Potential for bullish rise towards overlap resistance
TitleUSDJPY Potential for bullish rise towards overlap resistanceTypeBullish BouncePreference:Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.Looking for price to retest the pivot which is the overlap support. Expecting price to then continue heading towards the overlap resistance.The […]
CADJPY Potential for bullish rise towards overlap resistance
TitleCADJPY Potential for bullish rise towards overlap resistanceTypeBullish BouncePreference:Looking at the H4 chart, my overall bias for CADJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.Looking for price to retest the pivot which is the overlap support for buys. Price could then head towards the overlap resistance.It's […]
EVERYTHING ABOUT SUPPORT AND RESISTANCE – Trading Strategies – 5 February 2023
EVERYTHING ABOUT SUPPORT AND RESISTANCE introduction Support and resistance are key concepts in technical analysis and are used by traders and investors to identify potential levels where an asset’s price may experience a change in direction. support and resistance Support refers to a level where the price of an asset has struggled to move lower. […]
XAU/USD Bulls Tamed by Psychological Resistance
Gold (XAU/USD) Price Outlook: Gold futures retest $1,950 before easing back into narrow range. XAU/USD gaps on opening, diving the RSI deeper into overbought territory USD remains constricted in anticipation of the FOMC and NFP’s later this week. Recommended by Tammy Da Costa Download Your Fresh Q1 Forecast Gold Futures Run into Technical Resistance – […]
Bulls attack 130.40 resistance confluence
USD/JPY grinds higher around intraday top after two-week rebound from multi-month low. Convergence of 21-DMA, downward-sloping trend line from late November guards immediate upside. Bullish MACD signals, firmer RSI (14) adds strength to the bullish bias. Bears need validation from fortnight-old ascending trend line to retake control. USD/JPY prints mild gains as buyers muster the […]
Support and Resistance – Analytics & Forecasts – 30 January 2023
Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. If price […]
GBP/USD retreats after facing a wall of resistance in 1.2400, slips to 1.2370s
GBP/USD is set to finish Friday with losses of at least 0.20%. United States inflation continues to wane but remains twice elevated of Fed’s target. GBP/USD Price Analysis: To remain sideways ahead of the Fed and BoE monetary policy decisions. GBP/USD snaps two days of gains and tumbled below Thursday’s close of 1.2406, slumping toward […]