Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from Tenkan-Sen and Kijun-Sen at 1.0822 and may soon break the low it rebounded from in March; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may re-test Tenkan-Sen and Kijun-Sen at 1.0870 and then resume moving […]
Type: Bearish ReversalKey Levels:Resistance: 20.69Pivot: 20.41Support: 19.86Preferred Case:We see the potential for a bearish dip from our pivot at 20.41 in line with 138.2% Fibonacci extension towards our 1st support at 19.86 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by stochastic indicator where price is trading near […]
Type: Bullish BounceKey Levels:Resistance: 4.7535Pivot: 4.6945Support: 4.6700Preferred Case:We see the potential for a bounce from our pivot at 4.6945 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 4.7535 in line with 138.2% Fibonacci extension. Our bullish bias is supported by price trading above the Ichimoku cloud indicator.Alternative Scenario: […]
• Gold broke resistance level 1960.00• Likely to rise to resistance level 2000.00 Gold recently broke the resistance level 1960.00 (which stopped the previous corrective wave A at the end of March). The breakout of the resistance level 1960.00 coincided with the breakout of the 38.2% Fibonacci correction of the previous downward wave (A). Gold […]
• GBPCHF reversed from support level 1.2120• Likely to rise to resistance level 1.2225 GBPCHF currency pair earlier reversed up sharply from the pivotal support level 1.2120 (which stopped the previous minor impulse wave 1 at the start of March). The upward reversal from the support level 1.2120 stopped the previous impulse waves (iii), 3 […]
Gold futures climbed Wednesday, stretching their streak of gains to a fifth consecutive session. Most of the gains for the metal came after the U.K. posted “higher than expected and accelerating” inflation numbers, said Colin Cieszynski, chief market strategist at SIA Wealth Management. Gold continued to rise after U.S. data showed wholesale prices over the […]