Category: Technial Analysis

• GBPNZD reversed from support zone • Likely to rise to resistance level 1.9060 GBPNZD currency pair recently reversed up from the support zone located between the long-term support level 1.8800 (previous monthly low from March) intersecting with the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous short-term downward […]

European asset markets started the week with a fresh round of downside trend as Gazprom said gas supplies via Nord Stream 1 pipeline would be suspended indefinitely. The currencies of the European continent expectedly came under pressure and the fiscal aid packages announced by the European governments are unlikely to reverse the bearish trend. The […]

Type: Bullish Rise Key Levels:Resistance: 18.650Pivot: 18.165Support: 17.575 Preferred Case:On the H4, with the price pullback from the support, MACD indicators are showing a golden cross and the price breaking the descending trendline resistance, we may hold a short term bullish bias. If the price can break the pivot at 18.165, which is in line […]

XAUUSD, “Gold vs US Dollar” Near the support level, gold has formed yet another reversal pattern Hammer. Currently, going by the pattern, the pair might end up in an ascending impulse. The goal of growth can be 1720.50. However, the quotes might still fall to 1690.50 and continue the downtrend without testing the resistance level. […]

The BTC is going down smoothly. On Monday, 5 September, it is retreating to 19,854 USD. Over the last two weeks, the BTC has secured inside a flat of 19,500-20,560 USD. To begin some noticeable growth, the crypto needs to secure above 22,000 USD. In all other cases, the main scenario will imply a smooth […]

Metals Sell-Off Pauses – For Now On the back of the sustained selling we’ve seen over recent weeks, the metals market is seeing a more encouraging start as we kick off September. Flows will no doubt be much quieter today with the US and Canada out for the bank holidays there. However, so far so […]

Type: Bearish Breakout Key Levels:Resistance: 31876.7 Pivot: 31200 Support: 30431.54 Preferred Case:On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 31200 where the swing low support and 78.6% fibonacci projection are. Once there is downside confirmation that […]

GBPUSD, “Great Britain Pound vs US Dollar” The pair is pushing off the signal lines of the indicator. It rests under the Ichimoku Cloud, indicating a downtrend. A test of the Kijun-Sen line is expected at 1.1585, followed by falling to 1.1150. An additional signal confirming the decline will be a bounce off the upper […]

EURUSD, “Euro vs US Dollar” On H4, the quotes rest under the 200-days Moving Average, which indicates the prevalence of a downtrend. We expect a test of 2/8, a breakaway of this level, and falling to the support level of 1/8. The scenario can be cancelled by a breakaway of the resistance level of 3/8 […]

US Labour Data In Focus Ahead of the upcoming September FOMC meeting, there is a great deal of focus on the latest US labour market data due today. With the Dollar trading at highs ahead of the release there is clear two way risk into this event; weak data and late USD longs will get […]