Category: Technial Analysis
Technical & Trade View SP500 e-mini futures, continuous front month contract Trade View Bias: Bullish Above Bearish below 3857/46 Technicals Primary support is 3857/46, watch for bullish reversal patterns here Primary upside objective 4128 Next pattern confirmation, acceptance above 4000 Failure below 3846 opens 3750 20 Day VWAP bullish, 5 Day VWAP bearish Institutional Insights […]
Type: Bearish Momentum Key Levels:Resistance:675.00Pivot:661.50Support:654.75 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the pivot at 661.50 where the 20% Fibonacci line is located. Alternative […]
Daily Market Outlook, November 21, 2022 Overnight Asian markets traded down overnight, reports of a sharp increase in Covid deaths and soaring cases across China, have led to increased probabilities of a return to strict Covid restrictions in the country. More broadly, markets remain concerned about the global background of tighter monetary policy continuing to […]
Earnings Rise, Revenues Miss Shares in Chinese tech giant Alibaba are trading a little lower ahead of the open today. The move comes after a strong upward move last week in response to the group’s Q3 earnings. Alibaba reported Q3 EPS of $1.81 vs $1.68 expected. However, revenues came in a little weaker than forecast […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which means the uptrend is prevailing. The RSI is nearing the support line. A test of 4/8 (1.0253) should be expected, followed by a bounce off it and growth to the resistance level of 6/8 (1.0498). The scenario can be […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the currency pair has formed a Shooting Star reversal pattern. Currently, the pair is going by the signal, continuing a correction wave. The goal of the decline might be 1.0210. However, the price may grow to 1.0440, break through it, and continue the uptrend […]
• EURUSD under bearish pressure • Likely to fall to support level 1.02 EURUSD under the strong bearish pressure after the pair reversed down from the pivotal resistance level 1.037 (former monthly low from May and June, and the monthly high from August) – standing near the upper weekly Bollinger Band. The downward reversal from […]
• AUDUSD reversed from resistance level 0.6725 • Likely to fall to support level 0.6500 AUDUSD recently reversed down from the key resistance level 0.6725 (former multi-month low from July), strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the downward impulse 1 from August. The downward reversal from the […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is. Alternative Scenario:Price may fall back […]
Aussie Slips on Fresh USD Rally The failure at the bear channel top in the Aussie runs the risk of seeing the current 2022 downtrend continue. The Aussie was one of the key beneficiaries of the move lower in USD over the last fortnight and the recent rebound has weighed sharply on AUD, fuelling a […]