Category: Technial Analysis
EURUSD, “Euro vs US Dollar” EURUSD is no longer moving inside the Triangle pattern. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0245 and then resume moving upwards to reach 1.0505. Another signal in favour of a further uptrend […]
AUDUSD rose as the “greenback” loosened its grip. The Australian Dollar is slowly correcting against the USD on Thursday after skyrocketing the day before. The current quote for the instrument is 0.7095. The statistics published earlier showed that NAB Business Confidence in Australia rose to 7 points in July after being 2 points in June. […]
Daily Market Outlook, August 11, 2022 Overnight Headlines Dollar Bruised After US Inflation Comes In Below Expectations Nasdaq Rallies More Than 20% From Recent Lows After US Inflation Eases Fed’s Daly: Early To ‘Declare Victory’ On Inflation, But Sees Smaller Sept Hike Fed’s Kashkari: More Rate Hikes Ahead, And Possible Recession Fed’s Evans: Fed To […]
Bitcoin broke the level of 23500. Now, the asset is trying to pull back to the broken trendline. Bitcoin should pull from the level of 23500 and face resistance at the level of 25500 next. Oil has managed to form the bearish trap on the daily timeframe and get back in the usual range below […]
Type: Bearish Drop Key Levels:Resistance: 13802Pivot: 13452Support: 13013 Preferred Case:On the H4, with price breaking the ascending channel and MACD histograms are moving below zero, we have a bearish bias that price may drop from our pivot at 13452 where the 23.6% fibonacci retracement is to the 1st support at 13013 where the overlap support […]
Type: Bullish Rise Key Levels:Resistance: 2564.0Pivot: 2493.6Support: 2460.9 Preferred Case:On the H4, with price moving within an ascending channel and bouncing off the ichimoku support, we have a bullish bias that price will rise from our pivot at 2493.6 where the pullback support is to the 1st resistance at 2564.0 where the swing high resistance […]
USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDJPY is trading above it to indicate an ascending tendency. In this case, the price is expected to test the resistance at 7/8, break it, and then continue growing and reach 8/8. However, this scenario […]
US bonds remain under selling pressure ahead of the release of the US inflation report today. This makes it more difficult for yields to rise further in the event of a positive surprise, however, the near end of the curve may be more sensitive to the release, since the Fed, as we know, can only […]
Type: Bullish Rise Key Levels:Resistance: 24315Pivot: 22430Support: 20705 Preferred Case:On the H4, with price moving within a bullish channel and expected to bounce off the stochastic support, we have a bullish bias that price will rise from our pivot at 22430 where the pullback support, 61.8% fibonacci retracement and 78.6% fibonacci projection are to the […]
EURUSD hopes for a local improvement, but there might be surprises. The major currency pair remains positive. The current quote for the instrument is 1.0222. The currency market has been rather quiet for a couple of days. It’s some kind of summer vacation – no news, no statistics, it’s time to relax a bit. However, today […]