Market Analysis

• Nikkei 225 reversed from strong support level 27500.00 • Likely to reach resistance level 28800.00 Nikkei 225 index recently reversed up with the daily Hammer from the strong support level 27500.00 (which has been reversing the price from the end of July), intersecting with the lower daily Bollinger Band. The upward reversal from the […]

The ECB unanimously raised interest rate by 75 basis points on Thursday, stressing on the fact that the unconditional policy priority is to suppress inflation. Growth forecasts proved to be somewhat unexpected – the regulator not only ruled out a recession next year, predicting growth of 0.9%, but also revised forecast for economic growth this […]

Type : Bearish Drop Key Levels:Resistance : 13340 Pivot: 13004 Support : 12591 Preferred Case: On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop from pivot at 13004 where the pullback resistance is to the 1st support at 12591 where the swing low […]

BRENT On H4, the quotes have bounced off the oversold area. They now are expected to rise over 1/8 and grow to the resistance level of 2/8. This movement should be interpreted as a correction of a downtrend. The scenario can be cancelled by a downward breakaway of the support level of 0/8. In this […]

• EURCHF falling inside impulse waves 5 and (3) • Likely to reach support level 0.9600 EURCHF currency pair continues to fall inside the short-term impulse wave 5, which started earlier from the key resistance level 0.9800. The short-term impulse wave 5 belongs to the higher order downward impulse sequence (3) from the start of […]

• EURGBP reversed from key resistance level 0.8700 • Likely to fall to support level 0.8600 EURGBP currency pair recently reversed down precisely from the key resistance level 0.8700 (which stopped the previous sharp upward impulse wave (5) in the middle of June). The resistance area near the resistance level 0.8700 was strengthened by the […]

Type : Bullish rise Key Levels:Resistance :3.5000 Pivot:3.4735 Support : 3.4170 Preferred Case: On the H4, with the price pullback from the support, breaking the descending trendline, MA10 is above MA30, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 3.4735, where the […]

BNY Mellon ECB Searching For A New Baseline The European Central Bank is expected to step up its policy-normalisation process today with a 75bp rate hike. While we do see some downside risk of a 50bp move considering the traditional caution of the Governing Council, the scale of the move is probably beside the point. […]

The crypto market came back to life after the stock market. On Friday, the BTC is trading at 20,660 USD. Can it be called an upward reversal? The technical side of trades remains without changes: if the BTC secures above 21,500 USD a pathway to 22,000 USD will open. And only if the quotes secure […]

The market major recovered quite noticeably. The current quote is 1.0100. The European Central bank raised the interest rate by 75 base points at once, bringing it to 1.25% a year. This result of the meeting was anticipated but not the most looked forward to one. In the comments, the ECB mentioned that the growth […]

Type : Bearish Drop Key Levels:Resistance : 1404’4 Pivot: 1379’7 Support : 1357’3 Preferred Case: On the H4, with price moving below the ichimoku indicator and descending trendline, we have a bearish bias that price may drop to the pivot at 1379’7 where the swing low support is. Once there is downside confirmation that price […]

Oil Traders Cut Longs The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week from roughly 246k contracts to roughly 229k contracts. This reduction comes on the back of a steady build in prior weeks and reflects a shift in sentiment in the crude market. That shift […]