Category: Technial Analysis
GBPUSD is falling attacked by the USD and a great deal of domestic problems. The Pound Sterling is retreating against the USD. The current quote for the instrument is 1.1840. It’s difficult for the British currency to fight the USD’s attack. On the other hand, domestic conditions in the United Kingdom provide the Pound with […]
EURUSD dropped to its 20-year lows. The major currency pair hit new lows – the asset is looking extremely weak. The current quote for the instrument is 1.0022. A new bottom is at 1.0004, and it’s probably not the limit for “bearish” pressure as they may yet continue pushing the pair downwards. The last time […]
Oil prices fell by more than 3% during trading today, Tuesday, July 12, 2022, with the increase in infections with the new Corona virus in China, the largest importer of crude in the world. And the Covid-19 injuries in China supported fears of a global economic slowdown, which affected the outlook for fuel demand. Oil […]
Type: Bullish Bounce Key Levels:Resistance: 120’30’5Pivot: 118’07’0Support: 116’17’0 Preferred Case:On the H4, with price moving in an ascending trend channel and moving above the ichimoku cloud , we have a bullish bias that price will bounce off the pivot at 118’07’0 in line with the overlap support to the 1st resistance at 120’30’5 at the […]
Type: Bullish Rise Key Levels:Resistance: 13373Pivot: 12616Support: 12383 Preferred Case:On the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the […]
EURUSD, “Euro vs US Dollar” EURUSD continues falling inside the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0095 and then resume moving downwards to reach 0.9745. Another signal in favour of a further downtrend will be […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.3125. Later, the market may break this level […]
Metals Heading Lower as USD Rallies The metals complex is looking vulnerable to a further drop lower this week as both gold and silver start the week under offer. Resurgent strength in USD on the back Friday’s bumper jobs report reflects the re-sharpened focus on hawkish Fed expectations. With traders now widely anticipating a further […]
The dollar continued to strengthen on Monday after the release of the US labor market report on Friday, which did not confirm market pessimism about the US economy, reinforcing the view that the US is now an “island of stability” for large capital. The key measures of the US labor market remained in June at […]
COVID Backlash in China Shares in Sands China Ltd, the leading developer and owner of integrated resorts and casinos in Macau are in freefall today. The drop in the stock’s price comes in response to news that China has shutdown all casinos and resorts in Macau as a result of soaring COVID cases there. The […]