News

European stock markets are down, STOXX 50 lost 0.6% amid reports of increased covid measures and new lockdowns in China, which increased market risk aversion. The yuan weakened again, with USDCNY rate increased from 7.02 to 7.16 over the week. The Japanese yen  loses ground as well: USDJPY was up more than 1% today rising […]

NZDUSD, “New Zealand Dollar vs US Dollar” The pair is testing the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6110 is expected, followed by growth to 0.6385. An additional signal confirming the growth will […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the ascending trendline downwards. As a result, we should expect a test of 2/8 (140.62), a breakaway, and falling to the support level of 1/8 (139.06). The […]

• Platinum reversed from support level 960.00 • Likely to rise to resistance level 1025.00 Platinum recently reversed up from the pivotal support level 960.00 (former resistance from October), support trendline of the daily up channel from September and the 50% Fibonacci correction of the upward impulse from September. The upward reversal from the support […]

• Natural gas broke resistance level 7.230 • Likely to rise to resistance level 8.160 Natural gas recently broke above the resistance level 7.230 (which has been reversing the price from the start of October), intersecting with the 50% Fibonacci correction of the downward impulse from September. The breakout of the resistance level 7.230 accelerated […]

Type: Bearish Continuation Key Levels:Resistance:1978.0Pivot:1759.5Support:1830.5 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head back down to the support line at 1830.5, where the 78.6% Fibonacci line is […]