Category: Technial Analysis
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0240, EURUSD is consolidating there. If later the price breaks the range to the upside, the market may form one more ascending wave towards 1.0306; if to the downside – resume falling with the target at 1.0145, or even extend this structure down to […]
• GBPNZD reversed from support area • Likely to rise to resistance level 1.9075 GBPNZD currency pair recently reversed up sharply from the support area lying between the key multi-month support level 1.8775 (which stopped wave (1) in April) standing outside of the lower daily Bollinger Band. The upward reversal from the support level 1.8775 […]
• EURUSD reversed from resistance level 1.0370 • Likely to fall to support level 1.0100 EURUSD currency pair recently reversed down from the resistance level 1.0370 (former monthly low from May and June) standing near the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from June. The downward reversal from […]
Type: Bearish Drop Key Levels:Resistance: 1.2195Pivot: 1.2076Support: 1.1980 Preferred Case:On the H4, as the DIF is crossing below the signal line and MACD histograms are below zero, we have a bearish bias that price may drop from the pivot at 1.2076 where the overlap support, 38.2% fibonacci retracement and 78.6% fibonacci projection are to the […]
Type: Bearish Drop Key Levels: Resistance: 9.276Pivot: 8.456Support: 7.557 Preferred Case:On the H4, as the DIF is crossing the signal line and MACD histograms are shrinking above zero, we have a bearish bias that price may drop from the pivot at 8.456 where the 61.8% fibonacci retracement is to the 1st support at 7.557, which […]
Something special has happened in the crypto market: the BTC has attacked $25,000 for the first time since June. On the whole, the leading cryptocurrency grew by almost 5% over last week. Please, notice the geopolitical risks, namely – the news about a new American delegation heading for Taiwan. China reacted by calling this visit […]
EURUSD retreated; investors see the events unfold. The major currency pair is looking rather calm on Monday – market players are waiting for new catalysts. The current quote for the instrument is 1.0230. Last Friday’s preliminary data on the Consumer Sentiment from the University of Michigan showed 55.1 points in August after being 51.5 points […]
BNY Mellon Inflation Peaks, But Fed Stays Hawkish Last week delivered encouraging news on the US inflation front. Data across a range of inflation and related indicators suggest pressure is easing somewhat, even if the actual level of inflation remains near multi-decade highs. Risk assets rallied impressively in response. Pricing in the forward rates market […]
Daily Market Outlook, August 15, 2022 Overnight Headlines Bitcoin Falls As 140K BTC Have Been Released To MTGox Customers Oil Prices Ease As Saudi Aramco Ready To Boost Crude Output Asia Equity Markets Mixed As China Cuts Rates, Data Disappoints Dems Send Landmark Climate, Tax And Health Care Bill To Biden US Lawmakers Arrive In […]
Type: Bullish Breakout Key Levels:Resistance: 27155.57Pivot: 24690.67Support: 22394.6 Preferred Case:On the H4, with price moving within a bullish channel as well as above the ichimoku indicator and RSI moving along an ascending trendline, we have a bullish bias that price will rise to our pivot at 24690.67 where the pullback resistance, 50% fibonacci retracement and […]