Category: Technial Analysis
Type: Bullish Rise Key Levels:Resistance: 721’0Pivot: 667’4Support: 641’0 Preferred Case:On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 667’4 where the pullback support is. Once there is upside confirmation that price has broken pivot structure, […]
The bond market selloff has been offering significant support to the greenback this week. The dollar index (DXY) rose to 110 on Thursday, however it failed to secure fresh highs and turned into a decline on a technical bounce. The main event of the day was the Non-Farm Payrolls report, which diverged from expectations, and […]
Type: Bearish Drop Key Levels:Resistance: 32591Pivot: 31864Support: 30432 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 from pivot at 31864 where the pullback resistance and 23.6% fibonacci retracement are to 1st support at 30432 where the pullback support […]
EURUSD, “Euro vs US Dollar” After completing the descending structure at 0.9910, EURUSD is expected to correct up to 0.9980. Later, the market may resume trading downwards with the target at 0.9888. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the descending wave at 1.1500, GBPUSD is expected to grow and reach 1.1644. After […]
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 […]