Category: Technial Analysis
EURUSD continues consolidating in anticipation of the news. The major currency pair remains stable on Tuesday. The current quote for the instrument is 1.0430. US markets were closed yesterday due to Independence Day, that’s why exchanges weren’t very active. However, today investors are expected to get back to their normal routine. The statistics published early […]
The International Energy Agency expects natural gas demand to decline slightly this year, with growth slowing further over the next three years. In a gas market report issued today, Tuesday (July 5), the Energy Agency attributed its expectations of a contraction in global gas consumption to high prices, with fears of more gas supplies being […]
Global economic growth optimism is fading rapidly, with major central banks vying to announce a “material” deterioration in real output forecasts and rising risks of stagflation. On Tuesday, the Bank of England made a worrying revelation with its Financial Stability Report, which said that economic outlook for the UK and globally had deteriorated markedly and […]
Type: Bullish RiseKey Levels:Resistance: 31872Pivot: 30931Support: 30412Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will rise from the pivot at 30931 in line with the pullback support and 38.2% fibonacci retracement to the 1st resistance at 31872 where the […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0465 and then resume moving downwards to reach 1.0255. Another signal in favour of a further […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD may is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.0490. However, an alternative scenario implies […]
Oil prices are falling in volatile trading.. Brent crude is near $112 Oil prices declined, during trading today, Tuesday, July 5, 2022, with increasing fears of supply disruptions, amid a possible production cut in Norway. Fears of a lack of supplies, in conjunction with an increase in demand for fuel, overshadowed a possible global recession […]
Type: Bullish RiseKey Levels:Resistance: 3.8663Pivot: 3.6472Support: 3.5036Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will drop and rise from the pivot at 3.6472 in line with the overlap support and 38.2% fibonacci retracement to the intermediate resistance at 3.7250 […]
Gold & Silver Threatening to Break LowerGold and silver prices have started the week under mild selling pressure. Both metals were knocked heavily lower last week amidst the resurgence in USD. While the Dollar failed to break out to fresh yearly highs, silver prices were seen plumbing fresh 2022 lows with gold prices breaking through […]
China COVID Cases Rising AgainFears are growing over the potential for fresh lockdowns in China amidst report of a new surge in COVID cases there. Following the recent removal of social restrictions which had been in places in regions of China for months earlier this year, the government is now battling a fresh outbreak with […]