Category: Technial Analysis
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, […]
• General motors reversed from resistance level 65.00 • Likely to fall to support level 55.00 General motors recently reversed down from the multi-month resistance level 65.00 (which has been reversing the price from last year), intersecting with the upper weekly Bollinger Band. The downward reversal from the resistance level 65.00 created the weekly reversal […]
• EURUSD reversed from resistance level 1.1470 • Likely to fall to support level 1.13 EURUSD currency pair recently reversed down from the resistance level 1.1470, intersecting with the upper daily Bollinger Band and the daily up channel from November. The downward reversal from the resistance level 1.1470 is aligned with the clear daily downtrend. […]