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BRENT In the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 7/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the asset breaks 6/8 to the downside. After that, […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern not far from the support level, XAUUSD is reversing and may continue forming its ascending impulse. In this case, the upside target may be the resistance area at 1845.00. At the same time, an opposite scenario […]

Credit AgricoleAsia overnightThe threat of tighter financial conditions continues to weigh on investor sentiment. FOMC Vice Chair, Lael Brainard, and Chicago Fed President, Charles Evans, whom are normally considered doves by the market turned hawkish in suggesting a March rate hike is a possibility. While China’s exports were strong, imports were on the soft side […]

Type: Bearish ReversalKey Levels:Resistance: 0.73014Pivot: 0.72805Support: 0.72192Preferred Case:Prices are at a Pivot. We see the potential for further bearish continuation from our Pivot at 0.72805 in line with 50% Fibonacci retracement towards our Take Profit at 0.72192 which is an area of Fibonacci confluences. RSI is showing bearish momentum.Alternative Scenario:Alternatively, prices may go to our […]

• Nikkei 225 reversed from support level 27900.00 • Likely to rise to resistance level 28750.00 Nikkei 225 index recently reversed down from the key support level 27900.00 (which has been reversing the price from the middle of December), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 27900.00 is […]

• USDCHF reversed from resistance level 0.6855 • Likely to fall to support level 0.6800 NZDUSD currency pair recently reversed down from the pivotal resistance level 0.6855 (former monthly low from September), strengthened by the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from November. The downward reversal from the […]