Category: Technial Analysis

The market major is stuck to parity, unwilling to give it up. The current quote is 1.0000. Yesterday, a monetary politician from the European Central Bank has mentioned that sooner or later the regulator will have to start Quantitative Tightening. Also, the ECB will have to increase interest rates to the level that would bring […]

Daily Market Outlook, November 7, 2022 “ A whipsaw end to the week in the US on Friday, following the mixed Non Farm payrolls release which saw the Dollar post one of its largest declines in the past seven years. Chinese authorities did little to boost risk appetite as they reaffirmed their commitment to zero […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair is going by the reversal signal in an ascending wave. The goal of growth will be 1.3600; later the price can break through the resistance level and extend the uptrend. However, the […]

EURUSD, “Euro vs US Dollar” On H4, the quotes have broken through the 200-day Moving Average and are going above it, which signifies possible development of an uptrend. However, the RSI is nearing the overbought area. As a result, we should expect a test of 2/8 (1.0009), a bounce off it, and falling to the support […]

EURUSD, “Euro vs US Dollar” The pair has formed an impulse of growth to 0.9962. At the moment, the market is forming a consolidation range under this level. With an escape downwards, we might see a correction to 0.9800. With an escape upwards, the wave of growth will extend to 1.0150. GBPUSD, “Great Britain Pound […]

GBPUSD, “Great Britain Pound vs US Dollar” The pair is pushing off the lower border of the ascending channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.1345 is expected, followed by falling to 1.0815. An additional signal confirming the decline […]

• Nasdaq 100 reversed from pivotal support 10650.00 • Likely to rise to resistance level 11585.00 Nasdaq 100 index recently reversed up from the pivotal support 10650.00 (which stopped wave 5 in the middle of October) – standing near the lower daily Bollinger Band. Upward reversal from the key support 10650.00 created the daily candlesticks […]

• EURCAD reversed from key support 1.3280 • Likely to rise to resistance level 1.3520 EURCAD under the bullish pressure after the earlier upward reversal from the key support 1.3280 (former strong resistance from July and August) – standing near the lower daily Bollinger Band. Upward reversal from the key support 1.3280 created the daily […]

Bitcoin broke the level of 21000. Currently, the asset is consolidating. Bitcoin is likely to pull away from the broken level of 21000 and target the level of 22500 next. Having formed a bullish flag, Brent oil has jumped. The asset is about to face resistance at the level of 102.50. Oil might pull back […]

The BTC is correcting after preceding growth, on Monday balancing near 20,723 USD. Earlier the BTC rose to 21,258 USD. The rally – and for the crypto that had long been lingering to a narrow range this was a real rally – was based on rather good labour market statistics from the US. On Friday, […]