S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Overbalance analysis aims to identify three financial instruments, analysed exclusively on a four-hour interval (H4). The analysis uses only the Overbalance methodology, which allows us to determine where the trend may continue or where it may change.
Today’s analysis covers three instruments, assessed solely in terms of the 1:1 correction structure.
US Dollar/Japanese Yen
Since April last year, the USDJPY currency pair has been moving in an upward trend. The latest dynamic correction led to a breach of the 1:1 pattern at 152.93, although we had previously indicated that demand in this area could lead to a resumption of the dominant upward trend. Currently, the downward 1:1 ratio marked in red has been negated, which reinforces the scenario of further price movement to higher levels in terms of the Overbalance methodology. The levels of 154.00 and 152.93, located in the area of significant price reactions, should be treated as key support levels.
USDJPY – H4 interval Source: xStation5
Euro New Zealand Dollar
The EURNZD currency pair has been on an upward trend since the end of 2024. The current downward correction is very similar in size to the correction observed at the turn of April and May last year. If the downward movement continues, the key support level remains at 1.9480, where the lower limit of the 1:1 geometry runs. Only a clear rejection of this level would open the way for a change in the trend to a downward one. In turn, in the scenario of an upward rebound, the resistance level remains at 1.9923, which is the upper limit of the local 1:1 downward pattern.
EURNZD – H4 interval Source: xStation5
Euro/US Dollar
The EURUSD pair has been on an upward trend since the beginning of 2025. The latest local 1:1 geometry has been negated, which supports a correction scenario in the shorter term, but a change in the dominant trend is still a long way off. The key support in the long term remains at 1.1577, which is the lower limit of the 1:1 geometry. However, if the price returns above 1.1850, a move towards recent local highs cannot be ruled out.
EURUSD – H4 interval Source: xStation5
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