Category: Technial Analysis

The currency major has stabilised; the current quote is 1.0000. There are several days left before the meeting of the Federal Reserve System, and the market is unlikely to risk these days. The statistics published yesterday demonstrated that retail sales in the US in August grew by 0.3% m/m, while no changes had been expected. […]

Daily Market Outlook, September 15, 2022 Overnight Headlines Upgrade Of Ethereum Blockchain Sees ETH Trade Down 1% US Retail Sales Expected To Drift Sideways Ahead Of Fed Hike Ray Dalio Does The Math: Rates At 4.5% Would Sink Stocks By 20% Australia’s Jobless Rate Climbs For First Time In 10 Months NZ Economy Grew More […]

Bitcoin has pulled from the resistance at the level of 22000 and dropped to the psychological level of 20000. It’s noteworthy that this level is next to the bearish trap, therefore Bitcoin might jump soon. So, let’s observe what is going to happen next. The currency pair EUR/USD has jumped and pulled back to achieve […]

EURUSD, “Euro vs US Dollar” The pair is correcting inside the Triangle pattern, going under the Cloud, which implies a downtrend. A test of the lower border of the Cloud is expected at 1.0005, followed by falling to 0.9850. An additional signal confirming the decline will be a bounce off the upper border of the […]

BRENT On H4, oil quotes are under the 200-day Moving Average, which indicates a downtrend. A downwards breakaway of 1/8 and subsequent falling to the support level of 0/8 should be expected. The scenario can be canceled by rising over the resistance level of 2/8, which might make the price rise to 3/8. On M15, the […]

Type: Bullish Rise Key Levels:Resistance: 148.125Pivot: 144.475Support: 141.150 Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.475 to the 1st resistance at 148.125 where the 127.2% fibonacci extension is. Alternative Scenario:Alternatively, price could break […]

BNY Mellon Mind The UK Consumption Gap On the face of things, the latest UK labour market data likely provides the Bank of England with some relief. Nominal incomes are still growing at a relatively firm pace, and there is every chance that much like may be the case for the European Central Bank, the […]

• NZDJPY reversed from resistance level 87.30 • Likely to fall to support level 85.00 NZDJPY currency pair recently reversed down from the key resistance level 87.30 (which has been reversing the price from the end of March), standing above the upper daily Bollinger Band. The downward reversal from the resistance level 87.30 started the […]

Type: Bullish Rise Key Levels:Resistance: 21735Pivot: 20000Support: 18330 Preferred Case:On the H4, price has pulled back but we’re looking for a reversal at 20000 where the 61.8% retracement and 78.6% projection sits. If price still respects the ichimoku as well as the bullish breakout, it should bring price to 21735 where the previous swing high […]

Oil Traders Cut Longs Again The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week from around 229k contracts to roughly 214k contracts. The net-long position in oil has been steadily worked back from its mid-August highs around the 246k contract mark with the shift in sentiment […]