Category: Technial Analysis
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0122, EURUSD is correcting up to 1.0197. Later, the market may resume trading downwards with the target at 1.0078 and then form one more ascending structure towards 1.0190. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the descending wave at 1.2100; right […]
Bitcoin has formed the flag and broke the trendline. Now, the asset is trying to break the level of 23500. Bitcoin is on the rise and might hit the level of 25500 soon. Gold has pulled from the downtrend and dropped. The asset is likely to pull back from the broken monthly trend denoted by […]
Provocative from a Chinese point of view, Nancy Pelosi’s visit to Taiwan and the promised tough response from the Chinese authorities met with a rather tepid market reaction yesterday; the main US indices closed in a moderate minus, the dollar index met resistance at 106.50 and turned lower on Wednesday. The Fed’s verbal interventions have […]
AUDUSD is rising after a major plunge this week. The Australian Dollar is strengthening against the USD on Thursday. The current quote for the instrument is 0.6985. The Reserve Bank of Australian had another meeting this week where it raised the benchmark interest rate by 50 basis points, from 1.35% to 1.85%. The rate hike […]
EURUSD is recovering after plunging the day before. The major currency pair reached stability after yesterday’s decline. The current quote for the instrument is 1.0188. The Markit Services PMI in the US showed 47.3 points in July against the expected reading of 47.0 points. No matter what, the indicator remains below the psychologically important level […]
Type: Bullish Bounce Key Levels:Resistance: 24208.23Pivot: 22483.11 Support: 20703.19 Preferred Case:On the H4, with price moving within a bullish channel and expected to bounce from the stochastic support, we have a bullish bias that price will rise from our pivot at 22483.11 where the pullback support, 50% fibonacci retracement and 61.8% fibonacci projection are to […]
Daily Market Outlook, August 4, 2022 Overnight Headlines Bank Of England On Precipice Of Largest Rate Hike Since 1995 Fed’s Kashkari: Very Unlikely Will Cut Interest Rates Next Year Taiwan Braces For Impact From China Military Post Pelosi Trip White House Lobbies Dems Against Aims Deepen Taiwan Ties China Locks Down Part Of Tropical Tourist […]
Type: Bullish Rise Key Levels:Resistance: 33432Pivot: 32504Support: 31864 Preferred Case:On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to our pivot at 32504 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would […]
Daily Market Outlook, August 3, 2022 Overnight Headlines White House Aim To Calm Tensions Over Pelosi Taiwan Visit Pelosi Vows US Won’t Abandon Taiwan In Faces Of Pressure Fed’s Bullard: Can Slow Inflation Without Sparking Recession Fed’s Mester: More Work To Do As Inflation Not Yet Peaked China Imposes Taiwan Economic Curbs With Sand, Fruit […]
EURUSD, “Euro vs US Dollar” EURUSD continues testing the bearish channel’s upside border. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0160 and then resume moving upwards to reach 1.0450. Another signal in favour of a […]