Category: Technial Analysis
The BTC is falling again. On Monday, the leading crypto is aiming at 16,025 USD; the market is looking for safe havens, as far from risks as possible. Ten days have passed since the crash of the FXT exchange and the overall withdrawal of crypto assets from the market. Clearly, the market is left alone […]
On Monday, the market major is retracing. The current quote is 1.0250. On platforms, interest is growing towards safe haven assets, and the USD thus becomes the unquestionable leader of demand. Firstly, this change is connected to the news from China. All hopes on the Chinese government giving up the zero tolerance regime, have faded. […]
Type: Bearish Momentum Key Levels:Resistance: 1433.75Pivot:1409.75Support:1391.75 Preferred Case:We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located. Alternative Scenario:Price may rise […]
Metals Melting Down as USD Bounces Back A disappointing start to the week for metals traders as both gold and silver come under heavy selling pressure. Both metals had been firmly higher on the back of the October US CPI report which fuelled expectations of a smaller December hike from the Fed, seeing USD unwind […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0280. Today we expect a consolidation range to develop around this level. With an escape from the range downwards, a pathway to 1.0165 will open. The goal is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair continues […]
NZDUSD, “New Zealand Dollar vs US Dollar” The pair is correcting in a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6075 is expected, followed by growth to 0.6355. An additional signal confirming the growth will be a bounce […]
Technical & Trade View TLT iShares 20+ Year Treasury Bond ETF Trade View 101.13 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 99.00 Technicals Primary support is 99.00 Primary upside objective 102.85 Next pattern confirmation, acceptance above 101.50 Failure below 99.00 opens a test of 97.90 20 Day VWAP bullish, 5 Day VWAP […]
Type: Bullish Momentum Key Levels:Resistance:675.00Pivot:661.50Support:654.75 Preferred Case:On the H4 chart with price crossing the Ichimoku cloud to the upside, we are looking for price to possibly head towards the resistance at 675.00, where the 50% Fibonacci line is located. Alternative Scenario:Price may go back up and head towards the pivot at 661.50 where the 20% […]
Oil Under Pressure In many respects, it’s been a much quieter week for financial markets. While we’ve seen some key developments by way of Fed commentary, the UK budget and various headlines from the G20 meetings, we haven’t seen the sort of volatility we’ve noted in recent weeks. The US Dollar sell off pausing this […]
Gas Prices Slip From Highs After dominating the first half of the year with record strength, gas prices have spent most of the last few months softening from highs. Indeed, natural gas futures on the NYMEX are now sitting almost 40% down from the YTD highs. Several factors have combined to weigh on gas prices […]