Category: Technial Analysis

Wild Volatility Following US CPI Yesterday was a wild day for markets with the latest US CPI release causing wide-spread volatility. The headline annualised reading came in at 8.3%, above forecasts for an 8.1% reading, though still down on the prior month’s 8.5% reading. So, the takeaway here is that inflation cooled again in August, […]

Type: Bullish Rise Key Levels:Resistance: 1.04785Pivot: 1.04350Support: 1.03890 Preferred Case:On the H4, with RSI is showing an ascending trend, and the price is consolidating now, we would hold a short term bullish bias that price may rise from the pivot at 1.04350 where the swing highs are to the 1st resistance at 1.04785 where the […]

The latest UK CPI data received this morning shows that consumer prices slowed last month in the UK to 9.9% from the prior month’s 10.1%. The market was looking for an unchanged reading against that prior result and so the drop will no doubt be welcomed by UK households, despite confirming that inflation remains at […]

The market major on Wednesday is depressed, the current quote is 0.9980. The euphoria in the EUR did not last long: as soon as demand for the USD retuned, the parity level reminded of itself. Rally in the dollar pushed aside both aggression of the ECB and a decline in the stop prices for gas […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are in the overbought area. A breakaway of 8/8 downwards should be expected, followed by a falling to the support level of 6/8. The scenario can be cancelled by rising over the resistance level of +1/8, in which case the growth might continue to +2/8. […]

• Natural gas rising inside impulse wave 3 • Likely to rise to resistance level 9.500 Natural gas recently reversed up from the key support level 7.755 (which has been reversing the price from the start of August), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from […]

• EURJPY reversed from resistance level 144.00 • Likely to fall to support level 142.00 EURJPY recently reversed down from the key resistance level 144.00 (which has been reversing the price from the start of June), standing near the upper daily Bollinger Band. The downward reversal from the resistance level 144.00 created the daily Japanese […]

The US inflation report came as a big surprise to many investors as despite solid signals for a drop below 8% (decline in new car sales, falling gasoline prices), headline inflation was quite persistent, inching lower marginally to 8.3%. Core inflation accelerated more than expected – from 5.9% to 6.3%, beating the forecast of 6.1%. […]

JPY Rallying on Wednesday The Japanese Yen has seen a fresh wave of demand today. Part of the rally is clearly down to safe-haven inflows linked to the drop in risk assets on the back of yesterday’s stronger-than-expected US CPI reading. With markets rushing to price in a larger Fed rate hike this month, USD […]

The BTC has experienced a new decline. On Wednesday, the leading cryptocurrency is balancing near 20,303 USD though yesterday it rose to 22,780 USD. Yesterday the USD reversed abruptly after the US inflation statistics came out. The CPI in the US in August turned out to be 8.3% y/y while the forecast level had been […]