Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1330; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1365 and then resume moving downwards to reach 1.1225. Another signal in favour of a further downtrend will be […]
NZDCAD Opens UpThe breakdown trade recently issued in NZDCAD has seen the market extending lower to reach its first target at .8475. Despite some corrective action, NZD is firmly back under pressure now with the US Dollar rebounding higher once again. With the retail market around 96% long here and with the US Dollar fighting […]
Equities Under Pressure As USD ReboundsBenchmark global equities indices are back under pressure this week as the rebound in the US Dollar weighs on asset prices. The current USD drive looks to be linked to comments made yesterday by Fed’s Bullard who noted that the current pace of inflation would likely warrant higher interest rate […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hanging Man reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside correctional target may be at 1.1370. However, an alternative scenario […]
At today’s meeting, theBank of Japan changed the balance of risks for inflation in the forecasttowards neutral, however, it barely raised its inflation forecast, which willlikely be regarded as a lack of urgency to raise the rate. In the case of moresignals from the Fed related to policy tightening, the yen is the first tosuccumb […]
GBPCAD Head & ShouldersThe rally in GBPCAD off the Q4 2021 lows looks now to have fizzled out with price putting in an interim double top formation around the 1.73 mark. Price has now broken below the neck of this pattern and with both MACD and RSI bearish here, the focus is on a further […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is trading at 0.6777; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6810 and then resume moving downwards to reach 0.6655. Another signal in favour of a further downtrend […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average again, AUDUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 5/8, break it, and then continue falling to reach the support at 4/8. However, this scenario may no […]
EUROPEAN EQUITIES ARE POSITIONED FOR GROWTH , STOXX DEEPER DOWN IN THE RED FOR 2022 According to a BofA survey, investors regard monetary tightening as the most important risk to markets, beating out COVID and inflation as the top anticipated concerns. Nonetheless, according to BofA, investor optimism remained unaffected by central bank tightening intentions. According […]
Type: Bearish ReversalKey Levels:Resistance: 125.664Pivot: 125.348Support: 124.768Preferred Case:Prices are consolidating in a triangle. We see the potential for prices to dip from our Pivot at 125.348 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension towards our 1st support at 124.768 in line with 23.6% Fibonacci retracement. Technical indicators are showing bearish momentum.Alternative Scenario:Alternatively, […]