Latest Market News
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . If the bullish momentum continues, price may move towards the 4173.25 resistance level , which is marked by the 78.6% Fibonacci Fibonacci line. Alternative […]
Daily Market Outlook, November 17, 2022 “Risk sentiment remains subdued as US yields firmed overnight, leading Asian equity markets lower. Fed speakers showed little signs of pivoting from the party line of higher rates for longer, their robust defense of their stance on rates was supported by another set of decent retail sales data, suggesting […]
XAUUSD, “Gold vs US Dollar” At the resistance level, the instrument has formed a Shooting Star reversal pattern. Currently, the pair is following the signal, forming another correctional wave. The goal of the pullback might be 1742.50. After a test of the support level, the price may bounce off it and continue the uptrend. However, […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI are nearing the resistance line. Currently, we should expect a test of 1/8 (0.9399), a breakaway of it, and falling to the support level of 0/8 (0.9277). The scenario can […]
• Platinum reversed from resistance level 1030.00 • Likely to fall to support level 960.00 Platinum recently reversed down from the key resistance level 1030.00 (previous multi-month high from June) intersecting with the upper daily Bollinger Band and the resistance trendline of the daily up channel from September. The downward reversal from the resistance level […]
• USDCHF reversed from support level 0.9400 • Likely to rise to resistance level 0.9600 USDCHF currency pair recently reversed up from the key support level 0.9400 (previous multi-month low from August, which stopped wave (A)) standing below the lower daily Bollinger Band. The upward reversal from the support level 0.9400 stopped the earlier medium-term […]