Category: Technial Analysis

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 […]

The euro and pound sterling pare down the intraday decline that took place during the Asian session as risk appetite remains high while the dollar repositioning continues. EURUSD consolidates around 1.03, GBPUSD trades slightly below 1.18 level. Data on industrial production in the EU for October added optimism; growth in annual terms amounted to 4.9% […]

Equities Bounce Back As USD Fall Continues on Dovish Fed Commentary  Global equities benchmarks have seen a broadly positive start to the week. On the back of the gains we saw last week, linked to a softer-than-forecast US inflation report, equities traders are looking to extend the rally this week. While yesterday saw some intra-day […]

Paris vs London Rivalry between London and Paris traders undoubtedly increased this week amidst news that the Paris stock exchange overtook London in value for the first time since record started in 2003. According to Bloomberg, the Paris stock exchange is now worth roughly EUR 2.823 trillion, while the London stock exchange is worth EUR […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates an uptrend. The RSI is nearing the overbought area. We should expect rising over 7/8 (0.6713) and growth to the resistance level of 8/8 (0.6835). The scenario can be cancelled by a breakaway of the support level […]

• USDCHF reversed up from support level 0.9380 • Likely to rise to resistance level 0.9485 USDCHF recently reversed up from the support level 0.9380 (former multi-month low from the start of August) standing below the lower daily Bollinger Band. The upward reversal from the support level 0.9380 stopped the earlier short-term impulse wave (iii) […]

• Moderna broke resistance level 180.00 • Likely to rise to resistance level 197.15 Moderna recently broke the resistance level 180.00 (top of the previous minor correction 2 from the middle of August). The breakout of the resistance level 180.00 accelerated the active short-term impulse wave C of the ABC correction (2) from the end […]

Citing significant economic uncertainty in the coming months, OPEC has lowered its oil consumption growth forecast for the 5th consecutive time since April. The adjustment was -100K b/d for 2022 and 2023. The last time OPEC revised its forecast at the last meeting, it was decided to increase production by 2 million barrels per day. […]

Type: Bearish Momentum Key Levels:Resistance:1484.50Pivot:1409.75Support:1431.50 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the support line at 1431.50 where the 50% Fibonacci line is located before […]