Category: Technial Analysis
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it, thus indicating an ascending tendency. In this case, the price is expected to break 7/8 and continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the […]
• WTI reversed from support level 88.00 • Likely to rise to resistance level 92.30 WTI crude oil recently reversed up from the key support level 88.00 (low of the previous wave 3, which has been reversing the price from the start of February) intersecting with the lower daily Bollinger Band. The upward reversal from […]
• NZDJPY broke resistance level 84.70 • Likely to rise to resistance level 86.40 NZDJPY today broke the resistance level 84.70 (top of the earlier Shooting Star from the start of this month) intersecting with the 681% Fibonacci correction of the downward impulse (c) from July. The breakout of the resistance level 84.70 should accelerate […]
Daily Market Outlook, August 9, 2022 Overnight Headlines NY Fed: Inflation Expectations Decline Across All Horizons US Dollar Loiters Off Highs As Traders Eye Upcoming CPI Citi: Fed Could Approve 100 Bps Rate Hike After Jobs Shocker EU Puts Forward ‘Final’ Text To Resurrect Iran Nuclear Deal UK Retail Sales Growth Fails To Keep Pace […]
European equities hold in green while S&P 500 futures consolidate near the June high (4200 points) ahead of a possible breakout, as the strong labor market report on Friday reduced uncertainty in growth forecasts of the US economy with optimism over US growth propagating to other key economies. Despite half a million new jobs in […]
EURUSD remains neutral while investors are saving strengths. The major currency pair is looking stable on Tuesday. The current quote for the instrument is 1.0200. It feels like EURUSD is on a holiday – the market volatility is almost zero. It happens, although not so often. In this particular case, the summer spleen meets the […]
EURUSD, “Euro vs US Dollar” EURUSD is stuck inside the Triangle pattern. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0215 and then resume moving downwards to reach 1.0095. Another signal in favour of a further […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 2/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario may no longer be valid if the price […]
At the beginning of the new week of August, the BTC is growing. This is good news: if the leading crypto remains stubborn and confident, it might escape the flat by the upper border. Now the BTC costs $23,787. The task of the crypto sector for the nearest few days is securing above $25,000. Next, […]
EURUSD, “Euro vs US Dollar” Having broken 1.0186 downwards, EURUSD is expected to continue falling towards 1.0122 and may later start another growth to return to 1.0186. After that, the instrument may resume trading downwards with the target at 1.0120, or even extend this structure down to 1.0080. GBPUSD, “Great Britain Pound vs US Dollar” […]