Category: Technial Analysis
Brent In the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 2/8 and continue moving downwards to reach the support at 0/8. However, this scenario may no longer be valid if the asset breaks 3/8 to the upside. After […]
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 1.0025. However, an alternative scenario implies that the price […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the support level. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9995 and then resume moving downwards to reach 0.9765. Another signal in favour of a further […]
BNY Mellon Swiss Franc Now Two-Way When the Swiss National Bank hiked its benchmark sight deposit rate by 50bp in June, it also arguably reversed over a decade of orthodoxy in pledging to sell foreign exchange reserves if necessary to support the franc. Perhaps far ahead of other G10 central banks, the SNB realised that […]
Daily Market Outlook, September 1, 2022 Overnight Headlines Jeremy Grantham Warns Super Bubble In Stocks Has Yet To Burst Treasury Two-Year Yield Tops 3.5% For First Time Since 2007 G7 Finance Chiefs To Discuss Russian Oil Price Cap On Friday US Officials Order Nvidia To Halt Sales Of Top Chips To China Asia Factory Activity […]
On Friday, the BTC is barely moving close to $20,101. The major crypto is slowly cheapening, but market players remain cautious and don’t want to sell without news. The news might come up later today – labour market data for August from the US. Actually, market expectations are rather average: both Unemployment Rate and Average […]
GBPUSD keeps updating its lows; there are very few options on how to stop the plunge. After updating another low against the USD, the Pound Sterling is trying to reach stability. The current quote for the instrument is 1.1562. The political factor should be cleared up as early as next Monday. The Conservative Party will […]
• GBPJPY reversed from powerful support zone • Likely to rise to resistance level 163.65s GBPJPY currency pair earlier today reversed up with two daily Hammers from the powerful support zone surrounding the multi-month support level support level 160.80 (which has stopped all downward corrections from June) intersecting with the lower daily Bollinger Band. The […]
• Platinum reversed from support level 828.20 • Likely to rise to resistance level 860.00 Platinum today reversed up from the key support level 828.20 (which stopped the previous medium-term impulse wave (A) in the middle of July) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 828.20 stopped the […]
Type: Bullish Rise Key Levels:Resistance: 1.01055Pivot: 1.00515Support: 0.99910 Preferred Case:With the price moving above the ascending trendline and crossing the ichimoku cloud, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.00515, where the prices tested many times before to the 1st resistance […]