empty
 
 
22.03.2023 07:37 AM
USD/JPY, H4 | Break out trendline?

The USD/JPY chart currently reflects a bullish momentum as it is trading above a significant ascending trend line, indicating potential for further bullish movement. In case the price manages to break the 1st resistance level, it could advance towards the 2nd resistance level.

The 1st support level is located at 130.82, representing a robust overlap support and also coincides with the 78.60% Fibonacci retracement level. Additionally, the 2nd support level is situated at 128.10, which is a multi-swing low support level that has previously acted as a reliable support.

On the resistance side, the 1st level lies at 132.81, displaying an overlap resistance and also aligns with the 23.60% Fibonacci retracement level. The 2nd resistance level is at 134.55, representing an overlap resistance level with confluence at the 61.80% Fibonacci retracement level.

It is essential to consider that the RSI is currently exhibiting bullish divergence in contrast to price action, indicating a potential bounce in the near future.

This image is no longer relevant

GBP/USD, H4 | Break 1st support to continue to 2nd support?
The GBP/USD pair is exhibiting a bearish trend, with the price falling beneath the bearish Ichimoku cloud indicating a potential continuation of this trend. Key support levels are at 1.2376 (overlap support) and 1.2305 (swing low support), both potentially attracting buyers to the market. However,.
Autor: Dean Leo
00:29 2023-05-31 UTC--4
1450
USDCHF , H4 | Bullish continuation expected?
The USD/CHF pair is displaying strong bullish momentum, as evidenced by its position above the bullish Ichimoku cloud and an important ascending trendline. This suggests a likelihood of further bullish action. The first support lies at 0.9029, an overlap support that may attract buyers and inhibit.
Autor: Dean Leo
00:27 2023-05-31 UTC--4
1315
XAUUSD , H4 | Falling to 1st support?
The XAU/USD pair is currently demonstrating bearish tendencies. Key support levels are identified at 1932.03 and 1913.98, both being overlap supports and historical points of buying activity. This could potentially slow down or even reverse the bearish trend. On the contrary, resistance levels are.
Autor: Dean Leo
00:24 2023-05-31 UTC--4
1435
Mostrar más
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback