shermzT

shermzT Feb 8, 2023

Prices have broken below a key support zone at 1.3380 on the H1 timeframe. A pullback to this level, which is in line with the 50% FIbonacci retracement, could provide the bearish acceleration to the next support zone at 1.3320, which coincides with the 78.6% Fibonacci retracement. Prices are lying below the Ichimoku Cloud as well, supporting our bearish bias.

shermzT Feb 2, 2023

On the H1 timeframe, prices are ranging between 1.2300 and 1.2420. A pullback to the 1.2420 level could present an opportunity to ride the drop to the next support zone at 1.2300, in line with the 78.6% Fibonacci extension. Stochastic RSI is in the overbought region above 80, and price is hovering near the top of the Bollinger Bands, supporting our bearish bias.

shermzT Jan 26, 2023

On the H4 timeframe, prices are ranging between 131.50 and 127.50. Stochastic RSI is in the oversold region below 20, supporting the possibility of a pullback to 131.00, which coincides with the 50% Fibonacci retracement. Prices could then rebound to the support zone at 127.50.

shermzT Jan 18, 2023

On the H4 timeframe, prices have broken above the resistance zone at 1.2300, which coincides with the 78.6% Fibonacci retracement. A throwback to this level would be a downside confirmation, providing an opportunity to ride the drop to the next support zone at 1.2100. Stochastic RSI is in the overbought region above 80, which also supports our bearish bias.

shermzT Jan 10, 2023

Prices are facing bearish pressure from the resistance zone at 132.50 on the H4 time frame, which coincides with the 61.8% Fibonacci retracement where we could see limited downside to our support zone at 131.50. Failure to hold below the resistance zone at 132.50 could see prices push higher to test the next resistance zone at 133.00, in line with the 50%...

shermzT Jan 10, 2023

On the H4 timeframe, prices are ranging between 1.0750 and 1.0720, above the resistance-turned-support zone of 1.0620, in line with the 50% Fibonacci retracement. A break below the downside confirmation level could provide the bearish acceleration for a further throwback to the support zone at 1.0620.

shermzT Dec 29, 2022

On the M30 time frame, a throwback to the support zone at 1.35750, in line with the 23.6% Fibonacci retracement level could see a bounce to the resistance target at 1.36350. Failure to hold above the support zone at 1.35750 could see further downside to the next support zone at 1.35380. Prices are approaching the lower bound of the Bollinger Bands while...

shermzT Dec 16, 2022

On the D1 timeframe, prices are facing bullish pressure from its support area at 1.05500, in line with the 38.2% Fibonacci retracement. The throwback to this zone presents an opportunity to play the bounce to the next resistance target at 1.07900 , in line with the 78.6% Fibonacci extension. Prices are lying above the Ichimoku Cloud as well, supporting our bullish bias.

shermzT Nov 24, 2022

On the H4 timeframe, prices are facing bearish pressure from its resistance area at 0.67500, in line with the 78.6% Fibonacci retracement. The pullback to this zone presented an opportunity to play further drop to the next support target at 0.65000, in line with the 141.4% Fibonacci retracement. Stochastic is in the overbought region, supporting our bearish bias.

shermzT Nov 16, 2022

On the daily time frame, prices are holding below a key resistance zone at 141.500 where we could see further downside in prices to the downside confirmation at 137.000, which coincides with the 1.414 Fibonacci extension level. A breakthrough of this zone could provide the bearish acceleration to the support target at 131.000 which coincides with the 100%...

shermzT Nov 11, 2022

On the H4 time frame, prices are approaching the support zone at 1.15500 which coincides with the 23.6% Fibonacci retracement and 38.2% Fibonacci extension level. A break above the 1.17300 intermediate resistance could provide the bullish acceleration to the next resistance zone at 1.23200, which coincides with the 78.6% Fibonacci retracement level. Prices are...

shermzT Nov 1, 2022

On the H4 time frame, prices are approaching the support zone at 0.98500, which coincides with the 50% Fibonacci retracement and 61.8% Fibonacci extension level. We could see further upside above this zone to the next resistance zone at 1.0080. This resistance zone coincides with the 50% Fibonacci extension level. Prices are holding above the Ichimoku cloud as...

shermzT Oct 27, 2022

On the H4 time frame, prices are approaching the support zone at 0.64000 which coincides with the 38.2% Fibonacci retracement where a pullback to this zone could present an opportunity to play the bounce to the next resistance zone at 0.67200, in line with the graphical resistance level and 61.8% Fibonacci retracement. Prices are holding above the 30 EMA as well,...

shermzT Oct 19, 2022

On the M30 time frame, prices are approaching the support zone at 0.62880 which coincides with the ascending trend line, 61.8% Fibonacci retracement and 61.8% Fibonacci extension. A pullback to this zone could present an opportunity to play the bounce to the next resistance zone at 0.6304, in line with the graphical resistance level. A break above the 0.6340...

shermzT Oct 13, 2022

On the M15 timeframe, prices are testing the M15 demand zone at 1.1080, in line with the 61.8% Fibonacci retracement. We could see further upside above this zone to the next resistance zone at 1.1130. This resistance zone coincides with the 61.8% Fibonacci extension and 78.6% Fibonacci retracement level. Prices are holding above the Ichimoku cloud as well,...

shermzT Sep 9, 2022

On the H4 time frame, prices are holding below a key resistance level 1.32 and signalled a bearish order flow. A pullback to the support turned resistance area at 1.31, in line with the 61.8% Fibonacci extension and 38.2% Fibonacci retracement presents an opportunity to play the drop to our next support target at 1.295, in line with the 50% Fibonacci retracement....

shermzT Sep 9, 2022

On the H4 timeframe, prices are facing bearish pressure from its resistance area at 0.685, in line with the 100% Fibonacci extension and 50% Fibonacci retracement. A pullback to this zone presents an opportunity to play further drop to the next support target at 0.676, in line with the 61.8% Fibonacci retracement and extension. Ichimoku Cloud is also showing...

shermzT Aug 24, 2022

On the H4 time frame, prices are testing a key resistance area at 0.9680 in line with the descending trend line, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. We could see further downside in prices to the support target at 0.95500, which coincides with the 50% Fibonacci retracement. Stochastic is facing bearish pressure from its resistance and...