Category: Technial Analysis

• NZDJPY reversed from support level 83.10 • Likely to rise to resistance level 84.30 NZDJPY currency pair recently reversed up from the strong support level 83.10 (low of the earlier waves (2) and 2), support trendline from February, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from May. The […]

• NZDCHF reversed from support level 0.5940 • Likely to rise to resistance level 0.6050 NZDCHF currency pair recently reversed up from the strong support level 0.5940 (which has been reversing the pair from the middle of July). The upward reversal from the support level 0.5940 stopped the previous impulse waves 3 and (3). Given […]

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 re-test the cloud’s upside border at 1.0175 and then resume moving upwards to reach 1.0405. Another signal in favour of a […]

Early in the week, EURUSD is consolidating and waiting for news. The major currency pair prefers to save strengths on Monday. The current quote for the instrument is 1.0222. The most anticipated and nervous event has already happened – the US FOMC raised its benchmark interest rate by 75 basis points, up to 2.25-2.5% last week. Investors […]

Type: Bullish Breakout Key Levels:Resistance: 26097.86Pivot: 24267.52Support: 22482.7 Preferred Case:On the H4, with price moving within a bullish channel and above the ichimoku indicator, we have a bullish bias that price might rise to our pivot at 24267.52 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would […]

Daily Market Outlook, August 1, 2022 Overnight Headlines Fed’s Kashkari: Fed Committed To Slowing Inflation To 2% Goal BoE Set To Consider Biggest Rate Rise For More Than 25 Years Biden’s Covid ‘Rebound’ Case Keeps Him At White House Again House Speaker Pelosi Begins Asia Tour, No Mention Of Taiwan Midterm Misery For Biden As […]

Apple Rallies on Earnings Beat Shares in US tech titan Apple are trading higher today on the back of a solid set of Q2 earnings yesterday. Apple reported earnings per share of $1.20, just above the $1.16 Wall Street was looking for. Revenues were also higher at $82.95 billion versus $82.75 billion forecast. Along with […]

US Enters Technical Recession Markets received news yesterday that the US has unofficially entered recession following adv Q2 GDP contracting, marking a second quarterly decline. Following Q1’s 1.6% decline, Q2 was seen contracting 0.9% at first glance. Despite the implications, the new has been met with a seemingly counter-intuitive rally in US stock markets. However, […]

Annual inflation in the Eurozone in July accelerated to 8.9%, showed a report released on Friday. This is a new all-time high. In June, inflation was 8.6% and in May, 8.1%. Inflation in the Eurozone has been breaking the record for the ninth month in a row. In July, it beat consensus of 8.6% and […]

Type: Bullish Bounce Key Levels:Resistance: 1.23243Pivot: 1.21615Support: 1.2059 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 1.21615 where the pullback support is to the 1st resistance at 1.23243 where the swing high resistance and […]