Category: Technial Analysis
The British pound against the US dollar continues to recover. The current quote is 1.1717. Morning statistics demonstrated that the unemployment rate in Britain in July suddenly dropped to 3.6% from 3.8% earlier. Also, average earnings in the previous quarter grew by 5.5% against the forecast 5.4% and previous growth by 5.2%. Mind the unemployment […]
The market major on Tuesday remains strong, the current quote is 1.0148. No important news was published yesterday, so investors had enough time to show their positive attitude in the quotes. At the meeting in September the ECB gave absolutely unambiguous signals of readiness to make its credit and monetary policy tougher. This will take […]
Type: Bearish Drop Key Levels:Resistance: 2.5200Pivot: 2.3944Support: 2.2874 Preferred Case:On the H4, with price moving within the descending trendline and below ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 2.3944, where the current price and 38.2% fibonacci retracement are to the 1st support at 2.2874, which is […]
Type: Bullish Breakout Key Levels:Resistance: 25208.52Pivot: 22511.84Support: 20711.10 Preferred Case:On the H4, with price breaking out of a descending channel and moving above the ichimoku indicator, we have a bullish bias that price will rise to pivot at 22511.84 where the pullback resistance, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Once there is upside […]
XAUUSD, “Gold vs US Dollar” At a pullback, near the support area, gold has formed a Harami reversal pattern. The pair is going by the pattern by an ascending impulse. The goal of growth might be 1740.00. However, the quotes might fall to 1710.50 before growing. NZDUSD, “New Zealand Dollar vs US Dollar” On H4 […]
GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the upper border of the Cloud. The quotes are above the Cloud, which indicates an uptrend. A test of the lower border of the Cloud at 1.1510 is expected, followed by growth to 1.2025. One more signal confirming the growth will be a bounce […]
Equities kicked off the week with a rally and greenback dropped another 1% as investors tend to price in a bearish CPI report. The dollar index briefly fell below 108 points, the lowest level in a month. The flight of investors from the dollar comes despite continuing appreciation of Treasury yields – the yield to […]
Metals Rebounding, Helped by Weaker USD The metals market has started the week on the front foot, benefitting from the developing correction in USD. The Dollar has been net-sold since the middle of last week and is seeing further selling again today. One of the key drivers behind the downshift in USD has been the […]
Type: Bearish Drop 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 […]
Type: Bullish Rise Key Levels:Resistance: 1.1774Pivot: 1.1650Support: 1.1497 Preferred Case:On the H4, with the price breaking the descending trendline and ichimoku cloud , we have a bullish bias that the price may rise from the pivot at 1.1650, where the current price and overlap resistance are to the 1st resistance at 1.1774 where the overlap […]