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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3162; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3080 and then resume moving upwards to reach 1.3365. Another signal in favour of a further uptrend will […]
EURUSD, “Euro vs US Dollar” After reaching 1.1134, EURUSD continues the correction towards 1.1034. Later, the market may form one more ascending wave with the target at 1.1144. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the ascending wave at 1.3210, GBPUSD has formed a new consolidation range around 1.3143. Possibly, the pair may […]
Credit AgricoleAsia overnight Global risk-correlated assets continued trading with a bid tone as confidence grew that the global economy could withstand the triple threat of geopolitical, stagflation and monetary policy tightening risks. Indeed, despite their latest recovery, global energy prices remain well below their recent highs in part because hopes for a ceasefire in Ukraine […]
Type: Bearish DropKey Levels:Resistance: 1728’4Pivot: 1691’6Support: 1637’4Preferred Case:With price expected to reverse off the Ichimoku cloud resistance , we have a bearish bias that price will drop to our 1st support at 1637’4 in line with the horizontal swing low support and 61.8% Fibonacci projection from our pivot at 1691’6 in line with the 50% […]
• Nikkei 225 reversed from support level 25000.00• Likely to rise to resistance level 28000.00 Nikkei 225 index recently reversed up with the weekly Hammer from the key support level 25000.00 intersecting with the lower weekly Bollinger Band. The upward reversal from the support level 25000.00 stopped the previous weekly impulse waves 3 and (C). […]