Category: Technial Analysis
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 […]
Type: Bearish Reversal Key Levels:Resistance: 4094.62Pivot: 3948.57Support: 3740.23 Preferred Case:On the H4, with prices breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 3948.57 where the pullback resistance is. Once there is downside confirmation that price has broken pivot structure, […]
EURUSD managed to recover a little bit after plunging earlier; however, investors are very cautious. The major currency pair may get under pressure on Thursday. The current quote for the instrument is 1.0025. Sure, EURUSD reached parity and even moved a bit higher, but it will be extremely difficult to stay there. The “greenback” is […]
The notion of an ultra-aggressive Fed hiking rates into recession commands the spotlight in the bonds and equity markets, suggesting that risk aversion will likely stay in place for some time. European equity benchmarks continue their march lower, US futures fall, pointing to a red start for the NY session. The EURUSD rate sticks to […]
US ISM Manufacturing Up Next The latest US ISM manufacturing reading is due later today and will likely be the main focus ahead of tomorrow’s NFP results. The August results is forecast to remain in positive territory at 52.1, down from 52.8 prior. However, on the back of the shockingly bad PMIs we saw just […]