Category: Technial Analysis
The Pound Sterling rebounded from the “bottom” against the USD. The current quote for the instrument is 1.0799. Now it can be said that all the market reactions relating to the Pound were caused by the £45-billion tax cut package announced earlier by the British government to help the country’s population and companies. The package […]
The major currency pair is looking rather neutral on Tuesday. The current quote for the instrument is 0.9650. Demand for the USD remains high and the reasons for this are still the same – global risk aversion and negative vibes inside the Euro Area economy. The US didn’t publish any interesting statistics yesterday. Germany reported […]
Sweeping unidirectional moves across many asset classes last week saw the most liquid FX market begin to experience liquidity problems and may have triggered a margin call cascade. Early on Monday morning, the pound sterling and the euro struggled to find buyers for several minutes, while the dollar index set a new high (114.50): Dollar […]
Bond and equity markets’ downward rally intensified on Friday amid signs of escalation of the conflict in Ukraine. The two sides of the conflict have moved to raise the stakes, Russia is going to hold referendums in the occupied territories while the EU is going to accelerate for the introduction of a energy price cap […]
BNY Mellon The Message Gets Through, Finally The FOMC last week finally broke the spell markets had been under, leaving them now spooked by the prospect of the ‘pain’ that Chair Powell has warned is the price of the Fed’s anti-inflation push. Adding to the disquiet, Japan’s intervention to support the yen was predictably ineffective […]
The price of Bitcoin keeps moving along the supporting level of 19000 without breaking it down. Bitcoin is likely to pull back from the level of 19000 and target the level of 22000 next. The price of the currency pair EUR/USD broke the support at the level of 0.9865 and dropped. This asset should get […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 1645.00. At the same […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading within the “oversold area”. The Relative Strength Index is below 30, confirming that the asset is oversold. In this case, the price is expected to break -1/8 and continue growing to reach the resistance at 1/8. Still, this scenario […]
• USDJPY reversed from key support level 142.00• Likely to rise to resistance level 148.00 USDJPY currency pair recently reversed up from the key support level 142.00 (lower boundary of the sideways price range inside which the pair has been moving from the start fop September). The upward reversal from the support level 142.00 started […]
• USDCAD rising inside impulse wave (3) • Likely to reach resistance level 1.3760 USDCAD currency pair continues to rise inside the sharp intermediate impulse wave (3), which previously broke the two intersecting up channels from April and August. The pair is under the bullish pressure due to the simultaneous strong bullish USD sentiment and […]