Category: Technial Analysis

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the resistance level, USDCAD may reverse in the form of another correctional impulse. In this case, the downside correctional target may be the support area at 1.2980. Later, the market may rebound from […]

Oil prices rose, during trading today, Thursday, July 7, 2022, to regain some of the large losses incurred during the previous two sessions. Investors refocused on limited supplies, in conjunction with continuing fears of a global recession, after inflation in most countries of the world hit record levels. Oil prices today The price of the […]

EURUSD updated its 20-year “bottom” again. The major currency pair remained weak on Thursday. The current quote for the instrument is 1.0186. Investors continue escaping the risks of a recession and it’s already not important how fast the economy will go down. They have already included all their emotions and sentiments in the prices.  The […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is rebounding from Tenkan-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 0.6820 and then resume moving downwards to reach 0.6575. Another signal in favour of a further downtrend […]

Daily Market Outlook, July 7, 2022 Overnight Headlines Defiant UK PM Johnson Refuses To Quit, Fires Gove On Betrayal UK Tory MPs Fear Snap Election In Trumpian Survival Attempt Fed Sees ‘More Restrictive’ Rates Likely If Inflation Persists US Intelligence Warns China Influence Effort Against States Asia Manufacturers Sweat As US Mulls Tougher Tariff Rules […]

Daily Market Outlook, July 6, 2022 Overnight Headlines UK PM Scrambles To Save Himself, Reshuffles Top Cabinet New Chancellor Zahawi Inherits Faltering Economy, Inflation Tory Rebels Plan Rule 1922 Change To Expel UK’s Johnson Biden Prepares Action To Reshape Trump’s Tariffs On China US Pushes ASML To Stop Selling Chipmaking Gear To China Blinken Plans […]

Political Instability Rocks PoundThe British Pound is undergoing a sharp shift in sentiment this week. News of major political resignations yesterday have exacerbated the atmosphere of uncertainty and fear among UK investors. While the current UK administration has been no stranger to adversity, scandal and in recent times, almost falling apart, news yesterday of Rishi […]

INGUSD: Macro themes continue to drive financial markets.One does not have to look too far beyond the inverted US yield curve or the collapse in copper to understand that investors continue to re-price global growth prospects lower. Bank of England Governor Andrew Bailey yesterday said that the global growth outlook has ‘deteriorated markedly’. The big […]

EURUSD plummeted to its 20-year lows amid global risk aversion. The major currency pair quickly plunged on Wednesday. The current quote for the instrument is 1.0263. The last time the EUR hit this level was in December 2002. What happened? Nothing new, actually. Investors are once again worrying about the recession and really started to […]

EURUSD, “Euro vs US Dollar” After breaking the consolidation range downwards, completing the descending wave at 1.0300, and then forming a new consolidation range around the latter level, EURUSD has broken it to the downside as well and may continue falling with the target at 1.0220 or even extend this structure down to 1.0000. Later, […]