OverviewThe EUR/JPY pair settled up above 122.40 level to confirm its overall bullish bias that represents the neckline of the double bottom pattern. Therefore, we keep waiting for a new bullish attack. Let me remind you that the initial upward targe…
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OverviewThe USD/JPY pair is showing clear bearish bias as a result of testing the key support 113.97. As we mentioned in our recent reports, breaking this level will put the price under the negative pressure again with the first downward target at 112…
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OverviewGold price shows a bearish bias after approaching the critical resistance at 1,197.10, which represents one of the next trend keys besides 1,183.83 support, where the price is following its way to test this support. Therefore, we prefer stayin…
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OverviewSilver price bounced strongly to the upside after approaching 16.56 level. The matel is expected to resume the main bullish track approaching our first target at 17.43. We are waiting until the metal breaches this level to confirm the way towa…
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We remain bearish below major resistance at 0.7580 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance) with price recently breaking a long-term support-turned-resistance line leading us to expect a strong continued drop from th…
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We remain bullish above 1.0385 support (Fibonacci retracement, swing low support) for a push up to 1.0438 resistance (Fibonacci retracement, horizontal overlap resistance).RSI (34) is bouncing above our 31% support level.Stochastic (21,5,3) is bouncing…
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Recently, EUR/NZD has been trading downawrds. As I expected, the price tested the level of 1.4693. According to the 4H time frame, I found overbought stochastic, which is a sign that buying looks risky. The trend is downward. My advice is to watch for …
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Recently, gold has been trading upawrds. The price tested the level of $1,195.71. According to the 30M time frame, I found confrmed bullish divergence on a Moving Average Oscilator, which is a sign of potential strength. My advice is to watch for buyin…
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USD/JPY is expected to trade with a bullish bias. The pair broke above its 50-period moving average with strong momentum and is holding on the upside. The relative strength index is supported by a bullish trend line (since Jan 27) and stands firmly abo…
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USD/CHF is expected to trade with a bullish bias. The pair broke above its 20-period moving average, which is trading above the 50-period one, and is holding on the upside. The relative strength index stands firmly above its neutrality level at 50 and …
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