Category: Technial Analysis
The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in a parliamentary election. Macron’s Ensemble alliance secured the most seats in the National Assembly but […]
China’s imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China’s General Customs Administration data indicated today, Monday, June 20, that Russian oil imports are transported through East Siberian and Pacific pipelines, the Guardian reported. The newspaper […]
The tectonic shift in the Federal Reserve’s policy, according to which the regulator no longer expects that inflation will naturally find its way to the target level and goes all in to suppress it, is still being digested by financial markets. Risk demand recovers slowly, despite the fact that last week’s drop largely removed overbought, […]
Shell Shares Falling FastRoyal Dutch Shell had been one of the best performing stocks of 2022 up until very recently. Shares in the company surged higher by around 40% from Jan 1st through to the start of June. Peaking at north of $60 per-share, Shell has since given back around half of these gains with […]
The Japanese yen against the US dollar began the new week with a consolidation. The current quote is 134.74. The market seems quiet, but there are reasons for it. Firstly, there are almost no serious statistics today, and investors save energy for future volatility. Secondly, all important events have already happened, and market players already […]
On Monday, the BTC is consolidating at 20,350 USD. Two very troublesome and nervous days passed, when the crypto survived a stressful decline and an attempt of a recovery. Over last week, the leading cryptocurrency lost 22.6%, which is a serious loss. The situation gets even worse because every attempt of recovery ended up in […]
Type: Bullish BounceKey Levels:Resistance: 1.77885Pivot: 1.75263Support: 1.74422Preferred Case:On the H4, with price moving above the ichimoku cloud and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 1.75263 in line with the overlap support, 50% fibonacci retracement and 61.8% fibonacci projection , to the 1st […]
Type: Bullish BounceKey Levels:Resistance: 135.56Pivot: 131.495Support: 129.56Preferred Case:On the H4, with price expected to bounce off stochastic indicator, we have a bullish bias that price will rise from our pivot at 131.495 where the horizontal swing low support, 78.6% fibonacci projection and 50% fibonacci retracement are to our 1st resistance at 135.56 in line with […]
Type: Bullish RiseKey Levels:Resistance: 974.7Pivot: 941.5Support: 919.7Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 941.5 in line with the overlap support and 23.6% fibonacci retracement to 1st resistance at 974.7 in line with the 78.6% fibonacci projection and […]
Another week comes to a close and as the weather heats up here in London it seems the markets are getting hotter also. There have been plenty of interesting developments and noteworthy moves this week. However, in FX especially, it seems the big move that has captured trader’s attention is the huge rally we’ve seen […]