Category: Technial Analysis
• EURGBP reversed from support level 0.8425 • Likely to rise to resistance level 0.85000 EURGBP today recently reversed up with the daily Hammer from the key support level 0.8425 (which has been reversing the pair from May), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from […]
The BTC had been falling for four consecutive trading sessions and today is finally trying to rise. Again. The asset is balancing at $19,489. The current technical picture shows that the global market pressure and tension, which are very difficult to overcome, are pushing the BTC down to support levels at $19,300-$19,400. If bears break […]
EURUSD remains close to parity but keeps trying to recover. The major currency pair perseveres in its attempts to rise after yesterday’s decline. The current quote for the instrument is 1.0039. The key highlight is the parity EURUSD reached yesterday, something that investors haven’t seen in 20 years and, probably, wouldn’t like to see. However, […]
Gold prices rose marginally during trading today, Wednesday, July 13, 2022, and hovered near their lowest level in 9 months. This comes at a time when investors are awaiting the monthly US inflation data; Looking for clues on the way forward for the Federal Reserve’s monetary policy. Gold Prices Today The price of gold futures […]
Type: Bearish Breakout Key Levels:Resistance: 1.19183Pivot: 1.1878Support: 1.17651 Preferred Case:On the H4, with prices moving below the ichimoku indicator and within the descending channel, we have a bearish bias that price will drop to our pivot at 1.1878 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking […]
Type: Bearish Breakout Key Levels:Resistance: 0.68527Pivot: 0.67646Support: 0.66034 Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will continue to drop from the pivot at 0.67646 in line with the 100% projection to the 1st support at 0.66034 in line with […]
XAUUSD, “Gold vs US Dollar” XAUUSD 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 the cloud’s downside border at 1740.00 and then resume moving downwards to reach 1655.00. Another signal in favour of a further […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of another ascending impulse. In this case, the upside target may be at 1.0135. However, an alternative scenario implies […]
BofA USD has all bases covered All roads continue to lead to the dollar as the USD index broke to new cyclical highs this week. The depth of USD buying has been indiscriminate this year with only CAD exhibiting some semblance of composure through 2022. But what strikes us about the dollar’s performance this year […]
Daily Market Outlook, July 13, 2022 Overnight Headlines IMF Cuts US 2022 GDP Growth Forecast To 2.3% VS June Est. 2.9% EURUSD Clings To Parity As Markets Await U.S. Inflation Data Twitter Sues To Force Tesla CEO Elon Musk To Complete $44bn Deal New Zealand Hikes Rate By Half-Point, Signals More Tightening Bank Of Korea […]