Category: Technial Analysis
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Currently, the pair is going by the signal by forming another ascending wave. The goal of the growth may be 1795.00. Upon testing the resistance level, the pair may break through it and continue the uptrend. However, the quotes […]
GBP Rally Continues The British Pound has been on a hot streak recently with GBP enjoying a strong rally against USD over the month so far. GBPUSD is now up almost 9% off the initial November lows and almost 17% off the all-time lows seen in September on the back of the former UK PM’s […]
Technical & Trade View Tesla (TSLA) Trade View Bias: Bullish Above Bearish below 220 Technicals Primary resistance is 220, interim resistance at 190 Primary pattern objective is 125 Acceptance below 165 next pattern confirmation Acceptance above 220 opens a test of 237 20 Day VWAP bearish , 5 Day VWAP bullish Institutional Insights Analysts at […]
• NZDJPY reversed from resistance level 87.28 • Likely to fall to support level 86.00 NZDJPY recently reversed down from the long-term resistance level 87.28 (which has been reversing the pair from the end of March, as can be seen below). The downward reversal from the resistance level 87.28 is likely to form the daily […]
Daily Market Outlook, November 24, 2022 ‘Markets Thankful Fed Likely To Tap The Brakes on Rates ’ Overnight Asian equities were buoyed by a positive close on Wall Street, with US markets closing at near two-month highs, as markets cheered the FOMC minutes, the Fed appear to be coalescing around a slower pace of rate […]
US equities posted a buoyant reaction to the minutes of the Fed meeting, released on Wednesday. The report showed that the majority of FOMC members judged that it would be appropriate to slow down the pace of rate hikes in the near future due to uncertain lag between monetary decisions and their impact on the […]
EURUSD, “Euro vs US Dollar” On H4, at the support level the pair has formed a Harami reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal for further growth might be 1.0550. However, the price may pull back to 1.0335, bounce off it, and continue the uptrend upon […]
• Gold reversed from the support level 1727.00 • Likely to rise to resistance level 1782.80 Gold recently reversed up with the daily Morning Star from the pivotal support level 1727.00 (former monthly high from September and October, as can be seen below) – standing near the 38.2% Fibonacci correction of the upward impulse from […]
• CADJPY under bearish pressure • Likely to fall to support level 102.65 CADJPY under the bearish pressure after recently breaking the key support level 104.50 (which has been reversing the price from September), intersecting with the 50% Fibonacci correction of the upward impulse from May. The breakout support level 104.50 accelerated the active impulse […]
Bitcoin did not hit the supporting level of 13000+ just yet. The asset has repeatedly approached the level of 15625 and reversed back up. The key market players could be buying large amounts of Bitcoin now. Currently, Bitcoin is undergoing a correction, which might last until the asset will face resistance at the level of […]