Category: Technial Analysis
Daily Market Outlook, August 12, 2022 Overnight Headlines UK Economy Contracts Slightly Less Than Feared At 0.6% Fed’s Daly: Base Case Is 50Bps Hike In September, Open To 75Bps Biden Plots A 2024 Presidential Run — And A Trump Rematch EU Proposes Significant Concession To Iran To Revive Nuclear Deal China To Partially Renew Medium-Term […]
Equity markets made another leap upwards amid a buildup of expectations of a slight dovish shift in the Fed policy. This was facilitated by the release of the US July CPI, which showed that inflation in July decelerated faster than expected. Core inflation remained unchanged at 5.9% (despite expectations of acceleration), headline inflation slowed down […]
Type: Bullish Rise Key Levels:Resistance: 34021Pivot: 33438Support: 32699 Preferred Case:On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise to pivot at 33438 where the swing high resistance is. Once there is upside confirmation that price has broken pivot structure, we […]
Type: Bullish Breakout Key Levels:Resistance: 2022.93Pivot: 1919.44Support: 1785.62 Preferred Case:On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to pivot at 1919.44 where the 161.8% fibonacci extension, -27.2% fibonacci expansion and swing high resistance are. Once there is upside confirmation […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the pair is expected to test 2/8, break it, and then continue falling towards the support at 1/8. However, this scenario may be cancelled if the price breaks […]
• AUDUSD broke resistance level 0.7050 • Likely to rise to resistance level 0.7150 AUDUSD currency pair recently broke the key resistance level 0.7050 (top of the earlier wave A from the start of August). The breakout of the resistance level 0.7050 coincided with the breakout of the Fibonacci cluster made out of the 50% […]
Type: Bullish Rise Key Levels:Resistance: 14210Pivot: 13664Support: 13376 Preferred Case:On the H4, with price moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise from pivot at 13664 where the pullback support is to the 1st resistance at 14210 in line with 100% fibonacci projection […]
Type: Bullish Bounce Key Rise:Resistance: 3851Pivot: 3742Support: 3659 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 3742 where the pullback support is to the 1st resistance at 3851 where the swing high resistance, 161.8% fibonacci extension and 78.6% fibonacci […]
EURUSD took advantage of the reasons for growth and may yet continue to improve. The major currency pair remains in good spirits on Thursday. The current quote for the instrument is 1.0225. Yesterday, the US released important and long-awaited data on inflation. Although when making monetary decisions the US Fed pays more attention to the other indicators, […]
EURUSD, “Euro vs US Dollar” After breaking the consolidating range to the upside and reaching the short-term target at 1.0366, EURUSD is correcting downwards. Possibly, the pair may test 1.0270 from above and then form one more ascending wave with the target at 1.0404. GBPUSD, “Great Britain Pound vs US Dollar” Having broken the consolidation […]