Category: Technial Analysis
Type: Bearish Drop Key Levels:Resistance: 174.35Pivot: 163.80Support: 154.30 Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing […]
Metals Rally on USD Decline The metals market is seeing an encouraging start to the week with both gold and silver in decent demand on Monday. The main driver currently is the sell off in USD on the back of Friday’s December US labour reports. The headline NFP reading was seen above market forecasts at […]
The BTC has risen to 17,197 USD. Weekly increase is assessed at 3.33%. For now, the technical picture is mostly positive. Firstly, after the week closed above 17,000 USD, the daily chart formed a Bullish Engulfing pattern, which gives a chance to buyers. Secondly, the crypto market restored its correlation with the US indices, and […]
EURUSD, “Euro vs US Dollar” The currency pair completed a wave of decline to 1.0482. Today the market has completed an impulse of growth to 1.0635. A consolidation range has formed around this level at some point. With an escape upwards, a pathway to 1.0768 will practically open. After this level is reached, the pair […]
Type: Bearish Drop Key Levels:Resistance:1535.00Pivot:1492.25Support:1457.75 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 1457.75, where the 61.8% Fibonacci line is. Alternative […]
EZ CPI Cools Again The latest eurozone inflation data seen today has fuelled hopes that the inflationary spiral which ballooned last year, is now passing. Eurozone CPI was seen cooling to 9.2% last month, down from 10.1% the prior month, falling below the 9.6% result the market was looking for on the headline reading. While […]
USD On The Rise It’s been a good start to the year for the US Dollar which rallied through the week, driven by the hawkish December FOMC minutes and a bumper ADP employment print. Focus now shifts to the headline event and the first US labour reports of the year. A buoyant Dollar on the […]
Type: Bearish Drop Key Levels:Resistance: 1.07670Pivot: 1.05085Support: 1.03315 Preferred Case:Looking at the H4 chart, my overall bias for 6E1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down to break the pivot at 1.05085 where […]
FTSE Rallies Almost 4% With many traders still returning from their Christmas breaks, the first trading week of 2023 has been a relatively slow one, particularly in FX. However, with the December US labour reports due later today, there is still the potential for some fireworks to ring in the New Year. Away from FX, […]
Type: Bearish Drop Key Levels:Resistance:1835.0Pivot:1744.0Support:1656.5 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the pivot at 1744.0, where the 50% Fibonacci line is, before heading towards […]