Category: Technial Analysis

• EURAUD reversed from resistance level 1.5335 • Likely to fall to support level 1.500 EURAUD recently reversed down from the key resistance level 1.5335 (which has been reversing the price from the start of March), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from February. The downward reversal from […]

Fed in Focus While USD has been out of the limelight recently, correcting lower last week amidst major market moves elsewhere, the underlying story is sill in favour of a higher USD. At the end of last week we heard Fed’s Brainard rounding out a week of hawkish Fed commentary. Brainard voiced her support for […]

Type: Bullish rise Key Levels:Resistance : 147.900Pivot: 144.275Support : 141.100 Preferred Case:On the H4, with price moving in the descending trend and breaking the ichimoku indicator, we have a bearish bias that price may drop from the pivot at 144.275 where the previous swing high sits to the 1st support at 141.100 where the 38.2% […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 0.9900. However, an alternative scenario implies that the price […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is no longer moving inside the bearish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.1105 and then resume moving upwards to reach 1.1855. Another signal in favour of a […]

Daily Market Outlook, September 30, 2022 Overnight Headlines Fed Officials Reinforce Rate Hike Calls, Say Markets Got Message Oil Set For First Quarterly Drop Since 2020 As Macro Mood Sours Europe Gas Falls As Traders Weigh Fallout Of Pipeline Eruptions Gold Edges Up On Softer Dollar, To Fall For Sixth Straight Month Aluminium Extends Gains, […]

BNY Mellon Brazilian Elections: Expect The Unexpected The first round of Brazil’s presidential election takes place this Sunday, Oct. 2. Contrary to what is priced, we believe the likelihood of incumbent President Jair Bolsonaro winning the second round against ex-president Luis Inacio Lula da Silva on Oct. 30 is close to 50-50. Our three working […]

• EURAUD broke resistance level 1.5000 • Likely to rise to resistance level 1.5400 EURAUD currency pair rising strongly after it broke the round resistance level 1.5000 (which stopped the previous minor wave (a)) intersecting with the resistance trendline from February and the 61,8% Fibonacci correction of the downward impulse form July. The breakout of […]

EURJPY Breaking Out The recent EURJPY long idea has triggered on a break of the 140.82 level, following the reversal off the 137.74 level and bullish trend line. The retail market has turned more aggressively short the pair, supporting the view that we have further to run to the topside here. Price is fast approaching […]

EUR Turns Higher Amidst Market Turmoil It’s becoming a redundant sentence, I know, but what a week. FX volatility is back up at levels not seen since the outbreak of COVID and this has made for plenty of opportunity. We’ve seen many wild swings this week with the boomerang action in GBP clearly the winner […]