USDJPY currency pair stopped the previous sharp advance near the golden resistance level 110.96 – which previously stopped the sharp uptrend in March. Given the dense resistance area ahead – made out of the multi-year r4eistnace levels 111.71, 112.22, 112.4 - the pair will need strong reason to break above the resistance level 110.96.
Intraday USDJPY currency...
CHFJPY the top sentiment affected currency pair now – heavily sold due to lying at the intersection of the powerful bearish Swiss Franc sentiment as well as the surging yen sentiment. The pair is currently testing the major support level – lower daily Bollinger Band, which has not been touched for the last 81 trading sessions – which should prompts some of the...
Glaxosmithkline ($GSK) testing the golden resistance level 1431.5 standing outside of the upper daily Bollinger Band. This level previously reversed Glaxosmithkline down in December of 2020 and in January of this year. Selected Alpha ranks the reversal factor of this resistance level 25 points – making it the strongest golden tracked by the system at the moment....
Silver ($USDXAG) under the bearish pressure following the formation of the combined multi-candle reversal pattern Shooting Star Doji. Selected Alpha measures the strength of this candlestick reversal pattern at 10.8 CandleScore points. The next support stands at the lower daily Bollinger Band (27.45) – nearly coinciding with the low of the previous Hammer at...
AUDJPY on its way to test the strong resistance area made out of the upper daily Bollinger Band and the resistance level 85.19. Selected Alpha ranks the strength of this resistance zone near this resistance level at 354 RealStrength points – making it the second strongest resistance area approached by 28 of the primary currency pairs tracked by Selected Alpha.
FTSE 100 index approaching stubborn resistance level 7120.00, which has been reversing the price over the last few trading sessions. Selected Alpha ranks the strength of the resistance zone near this resistance level at 254 RealStrength points – due to the intersecting upper daily Bollinger Band. Expect intraday downward correction from resistance level 7120.00....
Cocoa previously reversed up from the support level 2334.00 (which has been reversing the price from last November) – standing close to the lower daily Bollinger Band and the major multi-month support level 2315.00. The price earlier reversed up from the same support level 2334.00 creating the daily Piercing Line Japanese candlesticks reversal pattern –...
Kraft Heinz ($KHC) earlier corrected down to the golden support level 42.56, standing well outside of the lower daily Bollinger Band. Given the sharp uptrend – rated by Selected Alpha at the 79% level – which is also incorporating the sharp upward impulse from January (its strength is ranked at the 86.8% level) Kraft Heinz longs/short-term shorts will be reacting...
GBPCAD currency pair just reversed down from resistance zone made out of the key resistance level 1.7160 (which has been reversing the price in the last few trading sessions), 38% Fibonacci correction of the downward impulse from April and the upper daily Bollinger Band. The price earlier formed the daily Torch Sell reversal Pattern (Proprietary to Selected Alpha)...
GBPCHF is approaching the lower daily Bollinger Band (1.2662). Selected Alpha ranks the strength of this band at 166.54 RealStrenth points – with the full support area strength ranked at 206.84 RealStrenth points - due to the nearby support pivot 1.2649 – which reversed this currency pair earlier this month. Expect intraday reversal from the lower daily Bollinger...
USDCHF approaches minor support level 0.8951 – yesterday’s low – which also reversed the price at the start of May. With the both U.S. dollar and the Swiss Franc sentiments both showing weak bearish potential (in the case of this currency pair which essentially cancel each other out) – the intraday players are likely to trigger the short-term upward correction...
Bitcoin continues to rise after the price formed the daily Hammer Doji near the key support level 30885.00. This candlestick patterns stands far outside of the lower daily Bollinger Band – increasing the upward reversal potential. Next upward target stands at the resistance level 36621.44.
EURUSD under the downward pressure today – under the effect of the of the strengthening intraday EURO sentiment ranked at -11 sentiment points. The next key support stands at the lower daily Bollinger Band at 1.213 (high RealStrength rank of 533). Intraday shorts are keen to drive the pair down to this band – after which the upward correction is likely – given...
GBPJPY recently reversed up from the key support level 154.54 (former resistance level from May) – intersecting with the 20-day moving average. The middle of the Bollinger Bands is traditionally used for quant funds to add to impulse aligned longs. The pair is demonstrating the strongest and the longest-lasting upward impulse – which started at the end of 2020 –...
Conocophillips ($COP) continues to rise inside the clear daily upward impulse with started earlier with the daily Piercing Line candlestick reversal pattern back in April. The price is currently aiming at the major resistance level 61.06 (which stopped the sharp uptrend in March). Given the fact that the price has the freedom of only 0.36 ATR (Average True Range)...
Bitcoin ($BTCUSD) is falling toward the key support level 30,121 (low of the previous daily Hammer) – ahead of the round support level 30000. The cryptocurrency has the freedom of 0.7 ATR (Average Ture Range) left to fall for today– which makes it likely the intraday shorts will drive the price down to the support level 30,121 – from where the intraday upward...
