Category: Technial Analysis
Daily Market Outlook, July 19, 2022 Overnight Headlines IBM Shares Slide After Hours After Company Trims Cash Flow Forecast Russia’s Gazprom Tells Europe Gas Flow Halt Is Beyond Its Control Biden Could Declare Climate Emergency As Soon As This Week: WaPo Oil Prices Fall; Gold Subdued As Firmer US Dollar, Yields Dent Appeal Rishi Sunak […]
Type: Bullish Rise Key Levels:Resistance: 1.04505Pivot: 1.03010Support: 1.02000 Preferred Case:On the H4, with price moving in an ascending trendline, we have a bullish bias that price will continue to rise from the entry at 1.03010 in line with the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection to the take profit at 1.04505 at […]
Type: Bullish Momentum Key Levels:Resistance: 0.7798Pivot: 0.7715Support: 0.7657 Preferred Case:On the H4, with price recently breaking the descending trendline and RSI showing a bullish divergence, we have a bullish bias that price will rise from the pivot at 0.7715 at the overlap resistance in line with the 100% fibonacci projection to the 1st resistance at […]
Type: Bullish Rise Key Levels: Resistance: 138.78Pivot: 137.22Support: 136.44 Preferred Case:On the H4, with prices moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will rise from the pivot at 137.22 in line with the pullback support and 61.8% fibonacci projection to the 1st resistance at […]
Type: Bullish Rise Key Levels:Resistance: 3.3488Pivot: 3.2843Support: 3.1886 Preferred Case:On the H4, with prices moving above the ichimoku cloud and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 3.2843 in line with the swing high resistance, 50% fibonacci retracement and 78.6% fibonacci projection . Once […]
• EURCHF reversed from support area • Likely to rise to resistance level 0.9960 EURCHF currency pair recently reversed up from the support area located between the key support level 0.9850 and the lower daily Bollinger Band. The upward reversal from this support area started the active minor corrective wave (ii) – which belongs to […]
• Brent reversed from support area • Likely to rise to resistance level 105.00 Brent crude oil recently reversed up from the support area located between the key support level 95.00 (former monthly low from March), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December. The upward reversal from […]
EURUSD, “Euro vs US Dollar” Having finished the ascending wave at 1.0086, EURUSD is forming a new consolidation range around this level. If later the price breaks the range to the upside, the market may start another growth to reach 1.0151, or even extend this structure up to 1.0219; if to the downside – resume […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 3/8, rebound from it, and then resume falling to reach the support at 1/8. Still, this scenario may no longer […]
Germany intends to restart 16 power plants running on fossil fuels, mainly coal and oil, to avoid electricity shortages due to an expected Russian cut in exports to Berlin, The Kyiv Independent reported on Sunday 17 July. The newspaper pointed out that German Chancellor Olaf Scholz stressed that his country did not intend to return […]