Category: Technial Analysis
The BTC is going down smoothly. On Monday, 5 September, it is retreating to 19,854 USD. Over the last two weeks, the BTC has secured inside a flat of 19,500-20,560 USD. To begin some noticeable growth, the crypto needs to secure above 22,000 USD. In all other cases, the main scenario will imply a smooth […]
Metals Sell-Off Pauses – For Now On the back of the sustained selling we’ve seen over recent weeks, the metals market is seeing a more encouraging start as we kick off September. Flows will no doubt be much quieter today with the US and Canada out for the bank holidays there. However, so far so […]
Type: Bearish Breakout Key Levels:Resistance: 31876.7 Pivot: 31200 Support: 30431.54 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 to pivot at 31200 where the swing low support and 78.6% fibonacci projection are. Once there is downside confirmation that […]
GBPUSD, “Great Britain Pound vs US Dollar” The pair is pushing off the signal lines of the indicator. It rests under the Ichimoku Cloud, indicating a downtrend. A test of the Kijun-Sen line is expected at 1.1585, followed by falling to 1.1150. An additional signal confirming the decline will be a bounce off the upper […]
EURUSD, “Euro vs US Dollar” On H4, the quotes rest under the 200-days Moving Average, which indicates the prevalence of a downtrend. We expect a test of 2/8, a breakaway of this level, and falling to the support level of 1/8. The scenario can be cancelled by a breakaway of the resistance level of 3/8 […]
US Labour Data In Focus Ahead of the upcoming September FOMC meeting, there is a great deal of focus on the latest US labour market data due today. With the Dollar trading at highs ahead of the release there is clear two way risk into this event; weak data and late USD longs will get […]
FTSE Falls Down Another week comes to a close and in London the end of the summer has been marked punctually by pouring rain. However, action in markets this week has been far from soggy and with the headline data event of the week, the US NFP, still to come, there is perhaps more volatility […]
Type: Bullish Bounce Key Levels:Resistance: 1718.96Pivot: 1580.15Support: 1419.94 Preferred Case:On the H4, with price breaking out of the descending trendline and moving above the ichimoku indicator, we have a bullish bias that price will rise from pivot at 1580.15 where the pullback support is to the 1st resistance at 1718.96 where the swing high resistance […]
Prices Stabilises As Ukraine Distribution Returns Following a spike in prices earlier this year in reaction to Russian invading Ukraine, wheat prices have since reversed sharply lower and are now trading back around where they were priced ahead of the invasion. The reopening of some supply routes out of Ukraine has been a major factor […]
Type: Bearish Drop Key Levels:Resistance: 91.84Pivot: 88.95Support: 85.97 Preferred Case:On the H4, with the price moving below the ichimoku cloud, we have a bearish bias that the price may drop form the pivot at 88.95, which is in line with the 23.6% fibonacci retracement to the 1st support at 85.97, where the swing lows are. […]