Latest Market News
AUDNZD, “Australian Dollar vs New Zealand Dollar” AUDNZD is rebounding from Tenkan-Sen and Kijun-Sen at 1.0806; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0795 and then resume moving upwards to reach 1.0940. Another signal in favour […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer pattern not far from the support area. At the moment, the asset is reversing in the form a new ascending impulse. In this case, the upside target may be the resistance level at 1970.00. At the same […]
Venezuela’s March oil exports slip amid struggles with returned cargoes Venezuelan petroleum exports fell about 4% in March compared to the previous month as the country’s state-run oil company dealt with crude cargoes returned by customers due to poor oil quality, according to documents and vessel monitoring data. A high-level meeting between US and Venezuelan […]
German government bond yields rose on Friday, following their biggest monthly jump in years in March, on expectations of rising inflation and tightening monetary policy. Some analysts believe Germany’s 10-year yield will remain near current levels in the short term, as the economic risks posed by the Ukraine conflict will outweigh the central bank’s commitment […]
Type: Bullish BounceKey Levels:Resistance: 25.8Pivot: 24.705Support: 24.110Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our Pivot at 24.705 in line with 100% Fibonacci Projection towards our 1st resistance at 25.8 in line with 78.6% Fibonacci Projection . Our bullish bias is further supported prices trading above our Ichimoku clouds […]
Type: Bullish BounceKey Levels:Resistance: 2346.0Pivot: 2192.0Support: 2124.5Preferred Case: Price is near pivot level of 2192.0 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially rise up to the 1st resistance level at 2346.0, in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Our bullish bias is further supported by the […]