The parity price tested the vicinity of the wedge’s lower band, but double dip indicates the chance for double bottom formation, therefore, an upward movement towards 1.0790 and then 1.0830 levels.
In one-hour time frame we see that the price is breaking a wedge formation to the up. The level 0.8800 will be our target in short-term. The divergence confirms the upward movement.
The price is leaving an oversold area, indicating a rebound from the previous bottom at 0.8730 level. It will be ascending towards 50.0 and 61.8 Fibonacci retracement levels in short-term.
The parity price saw a downturn after reaching the upper sidewards resistance at 1.0090 level. If the downside movement continues, the level 0.9950 will be the next to test. Then, 50.0 and 61.9 Fibonacci retracement levels at 0.9820 and 0.9750 will be on our radar. Reaching the last-mentioned level will confirm head & shoulders formation. We need to consider...
The parity broke the long-term channel to the up. As long as it stays above the formation, 0.7350 and then 0.7470 level swill be watched as next targets. The level 0.7050 makes a strong support for the further movement.
The parity price is wavering inside of the small (red) channel formation. It has tested the previous tops at the level 86.60 and bent down. The level 85.60 will be a eyed in the case of a continued downward movement. Then, the parity price will be reaching lower, towards the vicinity of 85.00, the area where the lower bands of both channels' formations cross over...
The price is testing a crucial level for further movement of 61.8 Fibonacci retracement at 1.3030. As long as the price stays below this level, it will be most likely hovering for a while between 61.8 and 50.0 Fibonacci levels. Then it will retrace towards 1.2830. The level 1.2700 will be a strong support in the long-term. However, if the price pierces through...
The parity price broke the channel formation downward, and created an extending triangle. The triangle's upper side is the extension of channel’s lower band. At the same time, it makes a strong resistance at 0.6700 level. After the price bounces off from there, it will head to the lower side of the triangle.
Since the parity price is reaching the triangle's tip, we might expect a breakout soon. If the price breaks the formation downward, 128.50 will be a short-term target and a strong support. If the level defends its support appeal, the price will bounce off and soar towards the upper band of the rising channel in the precinct of 129.80 level. But if the price...
The Platinum price is rising. As long as the upward movement continues, the level 872 will remain as a significant resistance level placed on the upper band of the smaller (red) diagonal formation. After that the upper band on the bigger diagonal (blue) in the vicinity of 890 will be the next level to test. The price has entered an oversold area. But it also is...
The parity price is on a rally. But soon it will face a strong resistance in the precinct of 1.1460 – 1.1480 area where the upper band of the ending diagonal, 50.0 Fibonacci retracement level, and an estimated end of correction are located. The level 1.1500 is also a probable turning point. If the price movement confirms the prediction, it will bounce the...
Dax opened the market with a bullish gap. It has tried for 11 500 level, but it bounced off. If the price manages to break 11 500 level, 11 680 will be on our radar. 11 300 will be a support in the case of the retracement.
The parity price has broken previous resistance level and is now on the rise, creating the rising channel formation. The level 0.7280 will be an important one to test. If the price pierces through this level, it will enter sell-setup area between the range of 0.7280 – 0.7380.
In the one-hour time frame, the parity price is staying just under the lower band of the descending channel. With the price now having reached the oversold area and indicating a divergence, we may expect a retracement back into the channel soon. The level 1.6000 will be a target in this case. The vicinity of 1.5900 is crucial for the next price move. As long as...
The price bounced off right before reaching the upper line of the expanding diagonal at 0.8640 level. For the retracement, we will watch 50.0 and 61.8 of Fibonacci levels. After that, 0.8330 will be a firm support. By reaching this level, the price would form a double top formation.
The gold price has broken the lower line of the small channel in the upper zone of the rising bigger one. The price continues to fall and 1206 level will be our next target. With the price now having reached the oversold area and indicating a divergence, we may expect an upturn.
The price is testing the level of the previous bottom at 1.6020. If it pierces through there, it will test the lower line of the rising wedge in the precinct of 1.5930. If the price breaks this level as well, it will drop further and create a double top formation with the base on 1.5620.
We are looking at a pennant with 0.7130 level as a strong resistance. Even if the price manages to break the resistance, the upper band of the descending channel will prevent the price from further rise. After the rebound from one of the mentioned levels, the price is expected to drop initially to the precinct of 0.6870 level.