Category: Technial Analysis

Type: Bullish Rise Key Levels:Resistance: 24320Pivot: 22440Support: 20790 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 22440 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation that price has broken pivot structure, we would […]

On Monday, the BTC grew to 21,716 USD. This is good news, because previously there was little chance that digital assets would be able to recover after sales and a lengthy flat. So, an important local resistance area in the BTC is now at 21,900-22,000 USD. The next spto is 22,500 USD. The market will […]

EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Harami reversal pattern. For now, going by the pattern the pair might end up in a descending impulse. The goal of the correction might be 0.9990. However, the price might grow to 1.0140, bounce off it, and then continue […]

EURGBP On Watch EURGBP is once again starting to look interesting following months of choppy, hard-to-trade price action. The market has rallied firmly off the June lows and is now testing major resistance at the .8719 level. This has been a key resistance level in the pair since early 2021 and a break here would […]

EURUSD At A Turning Point? The rally in the EUR stemming from last week’s hawkish ECB meeting has seen EURUSD breaking out above the bear channel for the first time this year. With plenty of bullish divergence on momentum studies into recent lows, there is room for a fuller recovery here. The sharp shift in […]

The British pound against the US dollar recovered quite a bit upon renewing the lows. The current quote is 1.1621. Great Britain is now through a hard time, and now it is not even about finance: first the country had to decide upon the new head of the Conservative party who then becomes the Prime […]

EURUSD, “Euro vs US Dollar” The pair is pushing off the upper border of the descending channel. It is moving above the Ichimoku Cloud, indicating an uptrend. A test of the Tenkan-Sen line is expected at 1.0060, followed by growth to 1.0240. An additional signal confirming the growth will be a bounce off the upper […]

The highlight of next week’s economic calendar will be the US inflation report. Economists and investors expect the downward trend that began in July to continue. If the data lives up to expectations or inflation slows faster than forecasted, the likelihood that the Fed will slow down the pace of policy tightening will increase. In […]

Another week comes to a close in financial markets and what a week it’s been. We’ve seen three major central bank meetings, each delivering fresh rate hikes in the G10, a change of leadership in the UK as well as comments from Fed chairman Powell. In terms of moves to focus on, its been rich […]

Credit Agricole Stagflation Becoming A Major Theme Stagflation has become a major theme for FX markets. The extent of stagflation an economy is experiencing can be measured by the misery index (the sum of their inflation and unemployment rates). This index also measures how much damage central banks will have to inflict to get inflation […]