Category: Technial Analysis
At the beginning of this week, two events that occurred over the weekend were in the focus of the market. The first was the news of Credit Suisse being acquired by another Swiss bank, UBS, with the involvement of the government through guarantees. This gives the markets some respite as the chances of new surprises […]
EURUSD starts the week quite reservedly. The current quote is 1.0670. It seems that for a few days, we have been hearing of just the US and EU statistics and nothing else. The flow of this news is so strong that investors fail to take account of everything. The final CPI in the Eurozone in […]
The weekly increase in the leading cryptocurrency is impressive – more than 25%. The demand for risky assets grew after it became clear that the banking crisis in the US and Europe will be held back. Simultaneously, investors are interested in cryptocurrencies, while there are not many footholds in the US stock market. The market […]
EURUSD, “Euro vs US Dollar” On H4, near the support, EURUSD has formed a Hammer reversal pattern. Currently, the pair can go by the reversal signal in an ascending wave. The target for the growth might be 1.0725. However, the price might pull back to 1.0650 and continue the uptrend after testing the support. USDJPY, […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0687. At the moment, a consolidation range is forming around this level. The price is likely to escape the range downwards and continue the wave to 1.0516. The target is local. After the quotes reach the level, a link of […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are in the overbought area. The RSI has pushed off the support line. Currently, the 0/8 (1.0742) level is likely to break, and the price might reach above it to the resistance line of 1/8 (1.0864). The scenario can be canceled by a downward breakaway of […]
EURUSD is looking neutral on Friday. The current quote is 1.0650. Investors are slowly tidying up the remnants of their nervous system. Exchange volatility is decreasing, which is good news. The European Central Bank meeting the day before ended as expected. The interest rate was raised by 50 basis points, as forecasted, to 3.5% per […]
Brent On H4, Brent is in the oversold area. The RSI is testing the resistance line. In this situation we should expect a break-up of the level 0/8 (75.00) and rise to the resistance level 1/8 (78.12). A break-down of the support at -1/8 (71.88) would be a reversal of this scenario. In this case, […]
BTC is doing well. The flagship cryptocurrency rose to USD 25,858 by Friday. The weekly gain is estimated at 29.6%. The market is clearly aiming to consolidate above USD 26,200. If this succeeds, the road to 35,000-40,000 USD will be clear. The cryptocurrency market capitalisation stands at USD 1.113 trillion. The figure is increasing, which […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Hammer reversal pattern. At this stage, the break signal may be triggered by an ascending wave. Target point for the growth may be the level of 1.3810, in the future the price has a chance to break down and continue the upward trend. […]