empty
 
 
01.12.2022 01:26 PM
ETHUSD Potential For Bearish Drop | 1st December 2022

This image is no longer relevant

On the H4 chart, the overall bias for ETHUSD is bearish. However, the price is now above the Ichimoku cloud which might indicate a shift to a bullish market. Expecting price to possibly break the 1st resistance at 1308.21, where the 38.2% Fibonacci line is before heading towards the 2nd resistance line at 1400.48, where the 61.8% Fibonacci line is. In an alternative scenario, price could possibly head back down towards the 1st support at 1071.11, where the previous swing low is.

Trading Recommendation

Entry: 1308.21

Reason for Entry: 1st resistance line

Take Profit:1071.11

Reason for Take Profit: 1st support line

Stop Loss: 1677.00

Reason for Stop Loss:

Slightly above where the 2nd resistance line is located.

EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
EURUSD, H4 | Potential Reversal from a key level?
The EUR/USD chart is displaying bearish momentum, indicating a potential drop from the multi-swing high resistance level at 1.0927, coinciding with a 78.60% Fibonacci retracement. The first support level at 1.0830, a multi-swing low support level, could be reached if the price falls. If the price.
Author: Dean Leo
02:14 2023-03-31 UTC--4
1210
WTI, H4 | Potential bearish reversal?
WTI crude oil prices are currently bearish and may drop towards the first support at 71.15, while facing resistance at 74.07. Key support levels include a significant overlap support and an overlap support with a 78.60% Fibonacci retracement. Meanwhile, resistance levels include an overlap.
Author: Dean Leo
02:13 2023-03-31 UTC--4
1105
DXY, H4 | Strong descending trendline ?
The DXY chart displays bearish momentum, with prices below a significant descending trendline. The first support level at 101.89, a swing low support, coincides with a 78.60% Fibonacci retracement level, making it a strong level to watch. The second support level at 100.82 is also a swing low.
Author: Dean Leo
02:11 2023-03-31 UTC--4
1120
Show more
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Ký quỹ tài khoản của bạn với $3000 và nhận được $8000 nhiều hơn!
    Trong Tháng 3 chúng tôi xổ $8000 trong chiến dịch Chancy Deposit!
    Có được một cơ hội giành chiến thắng bằng việc ký quỹ $3000 vào một tài khoản giao dịch. Đáp ứng được điều kiện này, bạn trở thành một người tham gia chiến dịch.
    THAM GIA CUỘC THI
  • Giao dịch khôn ngoan, thành công
    Nạp tiền vào tài khoản của bạn với ít nhất $ 500, đăng ký cuộc thi và có cơ hội giành được các thiết bị di động.
    THAM GIA CUỘC THI
  • 100% tiền thưởng
    Cơ hội duy nhất của bạn để nhận 100% tiền thưởng khi gửi tiền
    NHẬN THƯỞNG
  • 55% Tiền thưởng
    Đăng ký tiền thưởng 55% cho mỗi lần gửi tiền của bạn
    NHẬN THƯỞNG
  • 30% tiền thưởng
    Nhận 30% tiền thưởng mỗi khi bạn nạp tiền vào tài khoản của mình
    NHẬN THƯỞNG

Recommended Stories

Forex forecast 03/31/2023 EUR/USD, GBP/USD, GBP/JPY, Oil and Bitcoin from Sebastian Seliga

Let's take a look at the technical picture of EUR/USD, GBP/USD, GBP/JPY, Oil and Bitcoin

Sebastian Seliga 11:04 2023-03-31 UTC+2

Forecast for GBP/USD on March 31, 2023

The GBP/USD pair secured above the level of 1.2342 on Thursday, and the hourly chart shows that development is continuing toward the level of 1.2432. Let me tell you that

Samir Klishi 11:02 2023-03-31 UTC+2

GBP/USD: upside seems over

The GBP/USD pair is trading in the red at the time of writing and it seems very heavy, so more declines are in cards. After its amazing growth, a sell-off

Ralph Shedler 10:20 2023-03-31 UTC+2

Indicator analysis: Daily review of GBP/USD on March 31, 2023

The pound-dollar pair may move down from the level of 1.2382 (closing of yesterday's daily candle) to 1.2352, the 85.4% pullback level (blue dotted line). Upon reaching this level

Stefan Doll 09:55 2023-03-31 UTC+2

Video market update for March 31, 2023

Potential for the downside movement on Silver and BTCUSD

Petar Jacimovic 09:51 2023-03-31 UTC+2

Indicator analysis: Daily review of EUR/USD on March 31, 2023

The euro-dollar pair may move down from the level of 1.0904 (closing of yesterday's daily candle) to 1.0869, the 14.6% pullback level (yellow dotted line). When testing this level

Stefan Doll 09:45 2023-03-31 UTC+2

Technical Analysis of GBP/USD for March 31, 2023

Technical Market Outlook: The GBP/USD pair has made another higher high at the level of 1.2422 as the up trend continues. Nevertheless, on the H4 time frame chart the rally

Sebastian Seliga 08:30 2023-03-31 UTC+2

Technical Analysis of EUR/USD for March 31, 2023

Technical Market Outlook: The EUR/USD bulls finally broke above the intraday technical resistance seen at 1.0868 and are approaching the last swing high located at 1.0930. In a case

Sebastian Seliga 08:29 2023-03-31 UTC+2

USD/JPY in buyers's territory

The USD/JPY pair rallied in the short term registering a new high of 133.50. Now, it has retreated a little to retest the near-term support levels before jumping higher again

Ralph Shedler 08:19 2023-03-31 UTC+2

EURUSD, H4 | Potential Reversal from a key level?

The EUR/USD chart is displaying bearish momentum, indicating a potential drop from the multi-swing high resistance level at 1.0927, coinciding with a 78.60% Fibonacci retracement. The first support level

Dean Leo 08:14 2023-03-31 UTC+2
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.