Category: Technial Analysis
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 reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0490. However, an alternative scenario implies […]
EURUSD, “Euro vs US Dollar” EURUSD continues falling towards 1.0420. Later, the market may correct up to 1.0515 and then resume trading downwards with the target at 1.0395 or even extend this structure down to 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues falling towards 1.2100 and may later correct up to 1.2200. […]
Signs of escalation in geopolitical tensions and fresh warnings of recession in top economies pushed stock markets off balance, with the S&P 500 closing down 2% and Nasdaq shedding 3% on Tuesday. European markets picked up the negative baton today, the main equity indices in Europe fall by 1-1.5%. Yesterday it became known that Turkey […]
Mester Pushes For Larger HikeAhead of Fed chairman Powell’s comments at the ECB’s Sintra Forum today, markets are reacting to comments from Fed’s Mester who spoke earlier today. Speaking on CNBC, Mester said that she would be in favour of a further .75% hike in July, following on from the .75% hike in June. Mester […]
Type: Bullish RiseKey Levels:Resistance: 4200.25Pivot: 3824.00Support: 3641.75Preferred Case:On the H4, with price moving in an ascending trend channel and bouncing off the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 3824.00 at the overlap support in line with the 61.8% fibonacci projection to the 1st […]
Type: Bearish MomentumKey Levels:Resistance: 1878.9Pivot: 1849.8Support: 1784.9Preferred Case:On the H4, with price moving in a descending trend channel and below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1849.8 in line with the 78.6% fibonacci retracement, to the 1st support at 1784.9 at the sing low in […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to continue growing and reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks the support at […]
Investors are concerned about inflation, even Us yields are falling. Treasury yields in the United States fell for the second day in a row on Wednesday, as the market remained concerned about the Federal Reserve’s ability to control inflation without plunging the economy into recession. Fed Chairman Jerome Powell stated on Wednesday that there is […]
Type: Bearish MomentumKey Levels:Resistance: 1.0790Pivot: 1.0654Support: 1.0428Preferred Case:On the H4, with price recently breaking the ascending trendline and moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1.0654 in line with the 50% fibonacci retracement, to the 1st support at 1.0428 at the swing low in […]
Type: Bullish MomentumKey Levels:Resistance: 954.5Pivot: 921.1Support: 890.0Preferred Case:On the H1, price is moving above the ichimoku cloud and is moving along ascending trendline which supports our bullish bias that price will rise from the pivot at 921.1 where the overlap support and 50% fibonacci retracement are to the intermediate resistance at 944.3 where the -61.8% […]