Category: Technial Analysis
Client Withdrawals Shares in troubled French bank Credit Suisse are coming under fresh selling pressure this week as concerns build around large client withdrawals. Credit Suisse this week warned that it is facing a roughly $1.5 billion loss in Q4 as a result of withdrawals from major clients. The bank’s shares have been in decline […]
Technical & Trade View US Dollar Index Futures Trade View Bias: Bullish Above Bearish below 108.50/70 Technicals Primary resistance is 108.50/70 watch for bearish reversal patterns here Primary pattern objective is 104.50 Acceptance below 106 next pattern confirmation Acceptance above 108.70 opens a test of 109.25 20 Day VWAP bearish , 5 Day VWAP bearish […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:We have a bullish bias on the H4 chart. Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . If the bullish momentum continues, price may move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is. Alternative Scenario:Price may […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair may go by the signal in an ascending wave. The goal of the growth will be 1.3465; later the price may bounce off the resistance level and extend the downtrend. However, the […]
The Australian dollar against the US dollar is smoothly declining. The current quote is 0.6634. The downtrend has formed a week ago and remains in force. The November PMI in services in Australia turned out at 47.2 points against the expected 49.1 points. The same indicator in the processing industry dropped to 51.5 points against […]
Regulator XGLOBAL Group overview X GLOBAL Markets Ltd and XGLOBAL FX Ltd are regulated investment firms that are both 100% owned by X GLOBAL Holding Ltd. X GLOBAL Markets Ltd (CySEC) CySEC regulated Accepts EEA residents Investor Compensation Fund Negative balance protection Continue XGLOBAL FX Ltd (VFSC) VFSC regulated Accepts non-EEA residents Pro trading […]
European stock markets are down, STOXX 50 lost 0.6% amid reports of increased covid measures and new lockdowns in China, which increased market risk aversion. The yuan weakened again, with USDCNY rate increased from 7.02 to 7.16 over the week. The Japanese yen loses ground as well: USDJPY was up more than 1% today rising […]
NZDUSD, “New Zealand Dollar vs US Dollar” The pair is testing the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6110 is expected, followed by growth to 0.6385. An additional signal confirming the growth will […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the ascending trendline downwards. As a result, we should expect a test of 2/8 (140.62), a breakaway, and falling to the support level of 1/8 (139.06). The […]
• Platinum reversed from support level 960.00 • Likely to rise to resistance level 1025.00 Platinum recently reversed up from the pivotal support level 960.00 (former resistance from October), support trendline of the daily up channel from September and the 50% Fibonacci correction of the upward impulse from September. The upward reversal from the support […]