Category: Technial Analysis
Brent On H4, the quotes are above the 200-day Moving Average, implying an uptrend. The RSI has risen above the resistance line. A breakaway of 8/8 (87.50) upwards should be expected, followed by growth to the resistance line of +1/8 (89.06). The scenario can be cancelled by a downward breakaway of the support level at […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line at 1.2310 is expected, followed by growth to 1.2655. An additional signal confirming the growth will be a […]
EURUSD, “Euro vs US Dollar” The currency pair has demonstrated a link of growth to 1.0842. This structure is iinterpreted as a correction of the previous structure of decline. Today a new link of decline to 1.0765 is beginning. The goal is first. Then a correction to 1.0830 and a wave of decline to 1.0690 […]
Daily Market Outlook, January 19, 2023 Bad News Is Bad News After All… Investors responded negatively to a round of weak US data yesterday, the trifecta of retail sales, industrial production and producers prices data left the markets with heightened concerns of imminent recession looming for the world’s largest economy, Asian investors followed suit with […]
Bitcoin broke the psychological level of 20000, touching the resistance at the level of 210000. Now, the price of Bitcoin is getting ready for the pullback. Bitcoin might potentially gain the required support at the level of 20000, pull from it, and jump. So, let’s observe what will happen next. Silver has approached the resistance […]
The minutes of the December policy meeting of the ECB released today reinforced the hawkish policy stance that the ECB tried to communicate during and after the meeting: the Bank is far from completing the tightening cycle and more rate hikes are necessary. The key takeaways of the December minutes were that “the direction of […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a link of growth ti 1.0886. A wave of decline to 1.0765 is forming today. Then a correction to 1.0826 should follow. Next, a wave of decline to 1.0703 might form. The goal is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates a downtrend. The RSI has bounced off the resistance line. As a result, a downward breakaway of 2/8 (0.9155) is expected, from where the pair is to fall to the support level of 0/8 (0.9033). The scenario […]
EURUSD keeps fluctuating at big amplitude. The current quote is 1.0800. The yield of treasury bonds in the US dropped quite a bit yesterday, pulling the USD down. Investors are nervous that recession in the US economy might grow, especially after statistics gave such signals. So, the news is as follows. Retail sales in the […]
EURUSD, “Euro vs US Dollar” The currency pair is testing the the support area. The instrument is going above the Ichimoku Cloud, implying this an uptrend. A test of the upper border of the Cloud is expected at 1.0780, followed by growth to 1.1030. An additional signal confirming the growth will be a bounce off […]