Category: Technial Analysis
EURUSD, “Euro vs US Dollar” After reaching the short-term downside target at 1.0072 and completing the ascending wave at 1.0180, EURUSD is falling towards 1.0120, thus forming a new consolidation range between the two latter levels. If later the price breaks this range to the downside, the market may resume falling towards 1.0057 or even […]
The BTC is smoothly declining. On Monday, the leading cryptocurrency is going down to $20,510. This is the third day of feeble sales in a row after on Friday, the crypto approached $22,300. An important resistance level remains at $23,500. It needs to be surpassed so that the price secures above it if the market […]
USDJPY reached new highs – the “greenback” continues to get stronger. The Japanese Yen plunged against the USD. The current quote for the instrument is 137.02. A new high for the pair is at 137.28. The USD keeps getting stronger, making the Yen retreat. Despite an unstable situation in the market, investors barely have any […]
After the slight rise, Bitcoin is undergoing a correction, forming a pattern resembling a flag. The price of Bitcoin is testing the local support at the level of 20750 away from which it might jump again. Brent oil has pulled from the psychological level of 100 and is heading up. Once the oil has reached […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has rebounded from the resistance level. 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 0.6830 and then resume moving downwards to reach 0.6585. Another signal in favour of a […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Hammer, not far from the support area. At the moment, the asset may reverse in the form of a new rising impulse. In this case, the upside correctional target may be the resistance level […]
ING Inflation well above target, consumer sentiment at all-time low The market is favouring a 75bp rate hike from the Federal Reserve on 27 July and we agree given the tight jobs market and inflation running at more than four times the 2% targeted rate. In fact, inflation is likely to move even further above […]
Daily Market Outlook, July 11, 2022 Overnight Headlines Asia Shares Open Under Pressure On U.S. Inflation, Earnings Season Treasuries Sit Out Haven Trades As Large CPI Event Risk Looms Rampant Dollar Hits New 24 Year Peak Through 137 On The Yen Japan Ruling Bloc Easily Wins Vote Held Days After Abe’s Murder Japan Orders Fall […]
• EURCHF reversed from key resistance level 0.9950 • Likely to fall to support level 0.9870 EURCHF currency pair recently reversed down from the key resistance level 0.9950 (low of the previous minor impulse wave (i) from the end of June). The downward reversal from the resistance level 0.9950 is aligned with the active impulse […]
• AUDUSD reversed from resistance level 0.6850 • Likely to fall to support level 0.9870 AUDUSD currency pair recently reversed down from the key resistance level 0.6850 (former strong support which reversed the pair sharply in May and June). The downward reversal from the resistance level 0.6850 stopped the earlier minor ABC correction (ii). Given […]