In the weekly chart, we see the price hovering near the lower band of the ascending channel suggesting a return from there. In the hourly chart, the price is testing a strong support but once it is broken, the price will plunge in direction of the lower band, confirming a head & shoulders formation.
As long as the parity price stays above 61.8 Fibonacci retracement level, the upper band of the descending channel in the vicinity of 1.5900 will be targeted. Most likely the price will bounce off that band and return to 61.8 Fibo level in the precinct of 1.5740. But in an alternate scenario, if the price breaks the channel upward, 1.6000 will be on the radar.
Once the price reaches 62.00–62.20 area, there is a chance the price will bounce off from there. A fierce support awaits at the 60.00 level.
The parity price is still trading inside a wedge formation and currently is swinging between 50.0 and 61.8 Fibonacci retracement levels. Once the price breaks the 61.8 Fibo resistance, the upper band of the wedge in the precinct of a technical and psychological target at 1.0000 level will enter the target. After that, with the price is trading inside the rising...
The parity price is wavering between 50.0 and 61.8 Fibonacci retracement level. As the 61.8 Fibonacci level makes fierce resistance for the parity price, a rebound is expected. Then the parity price will re-test 50.0 Fibo retracement at 0.8740 level. If breaks that level as well, 0.8720 will be targeted.
The parity price will be swinging for a while horizontally above the support at the 1.3180 level. Eventually, it will break the support and head towards the lower band of the ascending channel. 50.0 Fibonacci retracement level is a significant resistance for the price.
The parity price has bounced from the upper band of the channel. The price will meet the support at 50.0 and 61.8 Fibonacci levels close to 1.9200 and 1.9160, respectively. 1.9100 will be following these supports.
In the steep ascending channel the price seems hesitant about reaching the lower band but any further downward act may carry the parity down to 1.7300. A lower parity will first have to break the 61.8 Fibonacci level at 1.7200. In case the Pound regains its recent losses, the parity will reach the 50 Fibo, and if that is broken it will be down to 1.7050. The...
The parity is creating an ascending broadening wedge and it is hesitating near to the lower band of the formation. The parity will be receiving support 0.6750 that is close to the 100 MA. If it breaks 0.6770 level the price will aim for 0.6790 which corresponds with the 50 day simple moving average in 4-hour time frame. After that 0.6800 will be on the horizon and...
We may expect a horizontal movement with 1.1380 support that will continue for a while. In an upwards scenario, the price will find support at 1.1380, pierce through 61.8 Fibo and move towards 1.1440, then 1.1460. In the mid-term, 1.1500 target is on the radar. But in case the price bounces off from 61.8 Fibonacci retracement level at 1.1400, it will lower towards...
Technically it is possible that the pressure below 6750 will remain as the pricing near the 60-day average in Nasdaq gets closer to the downtrend. In a withdrawal, 6450 indicates a significant support level to watch first. If the downtrend is broken, attention will be turned to the 6850 resistance.
Since the parity price didn’t succeed to break strong resistance at 109.00 level, it will be pressed down, therefore we can expect a downward breakout. The level of 108.00 will be our first target.
The parity price is testing 0.9890 – 0.9900 area. As the reversed head & shoulders formation has been reached and the price is testing currently the base of the formation that is located close to the upper band of the descending channel formation, most likely the price will bounce off and decline towards the neckline level at 0.9850.
The price is lowering, but it will test the support line at 0.9550. After the rebound it will continue to head up, wavering between the upper band of the formation and the support line (red). When the price reaches the tip of these two lines, a breakout is expected. 0.9630 will be on the radar.
The price ensconced at a side-ward resistance line at 1.1470 level. Once that level is broken, the price will dive to 1.1430. But if the price lasts above mentioned resistance, a retracement towards 1.1500 and 1.1540.
The price is creating a pennant. After a bullish breakout, 1296 will be the level to test. After the price reaches the line at 1296, we might expect another upward breakout.
The price has broken the resistance line and now it is heading towards the previous lows at 3200 level.
Before breaking the 11 000 region we expect a steep bounce off downwards. The divergence signals from the MACD indicator support this view. After the 10 800 zone, 10 700 will be among the technical targets we should be watching.