Category: Technial Analysis
• Tesla reversed from resistance level 200.00 • Likely to fall to support level 180.00 Tesla recently reversed down from the round resistance level 200.00 (previous monthly low from the middle of October), intersecting with the 38.2% Fibonacci correction of the downward impulse from October. The downward reversal from the resistance level 200.00 continues the […]
UK CPI Soars Again The latest UK economic data today makes for troubling reading. CPI was seen spiking higher to 11.1% in October, well above the 10.7% the market was looking for. Marking a full 1% jump from the prior month, this reading brings UK inflation back to its highest level in 41 years. The […]
Technical & Trade View EURUSD Trade View 1.0467 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.0285 Technicals Primary support is 1.0285 Primary upside objective is 1.0620 Next pattern confirmation, acceptance above 1.05 Failure below 1.0270 opens a test of 1.0165 20 Day VWAP bullish , 5 Day VWAP bullish Today’s New York […]
Volatility in the BTC has somewhat subsided. On Wednesday, it is mainly fluctuating near 16,860 USD. Buyers are very cautious, minimum active. As expected, the market will need a lot of time to acquire at least some balance at the platform. After the story with Binance and FXT investors remain noticeably stressed out. Even more […]
EURUSD, “Euro vs US Dollar” The pair has extended the consolidation range to 1.0480. At the moment the market performed an impulse of decline to 1.0280. Today the market has corrected this impulse to 1.0386. At the moment, the market is forming a new consolidation range under this level. The main scenario is an escape […]
Daily Market Outlook, November 16, 2022 “Risk sentiment rocked by stray rocket hitting Poland, reports that a missile landed on the Polish border killing at least two caused a dramatic pullback in US markets, however, as it became clearer that the reported ‘missile’ was more debris from a Ukrainian defensive action markets stabilised, overnight President […]
US Retail Sales in Focus On the back of a weaker-than-forecast US CPI print for October, the US Dollar has come under heavy selling pressure. The data, and subsequent comments from Fed vice chair Brainard, have added weight to the market view that the Fed will slow the pace of its rate hikes in December, […]
The British pound against the US dollar continues growing. The current quote is 1.1860. The weakness of the USD is actively used by pound fans to help the GBP recover after preceding crashes. On Wednesday, a large block of statistics is due in Great Britain. Take a look at the CPI in October. British inflation […]
The market major on Wednesday preserves its impulse of growth. The current quote is 1.0350. The main reason for the crash of the USD and the sky-rocketing of the EUR is the all-market strong belief that at the meeting in December the Federal Reserve System will change its policy. Looks like these are the expectations […]
Technical & Trade View NZDUSD Bias: Bullish Above Bearish below .6000 .6164 Target Achieved, New Pattern Emerging Technicals Primary support is at .6000 Primary pattern objective is .6240 Daily HVN Acceptance above .6165 next pattern confirmation Failure below .6000 opens a test of .5900 20 Day VWAP bullish , 5 Day VWAP bullish Institutional Insights […]