Category: Technial Analysis
Type:Bullish RiseKey Levels:Resistance: 800’0Pivot: 782’2Support: 770’6Preferred Case:On the H1, price is moving above the ichimoku cloud and within the ascending channel which supports our bullish bias that price will rise from the pivot at 782’2 where the overlap support, 78.6% fibonacci projection and 50% fibonacci retracement are to the 1st resistance at 800’0 in line […]
EURUSD, “Euro vs US Dollar” On H4, the quotes of EURUSD are under the 200-days Moving Average, which indicates the prevalence of a downtrend. Currently, we should expect a test of 4/8, a breakaway of it, and a decline to the support level of 2/8. The scenario can be cancelled by a breakaway of 5/8 […]
GBPNZD Level on WatchPrice action in GBPNZD is looking interesting here to the short side. The pair had been grinding higher in a corrective structure over the recovery off the 2022 lows. However, recently, price looks to have carved out a double top formation (DT, lower high) against the 1.9651 level. With this in mind, […]
Type:Bearish dropKey Levels:Resistance: 26900Pivot: 26110Support: 24830Preferred Case:on the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from the pivot at 26110 in line with the 100% fibonacci projection and overlap support to the 1st support at 24830 in line with the horizontal swing low.Alternative Scenario:alternatively, […]
XAUUSD, “Gold vs US Dollar” At a pullback, gold has formed a Hammer reversal pattern. Going by the pattern, the pair got into an ascending impulse. The goal for further growth might be the resistance level at 1858.00. However, the shares might drop to 1830.50 without pulling back to the resistance level. NZDUSD, “New Zealand […]
EURUSD, “Euro vs US Dollar” The pair is forming a consolidation range around 1.0500. With an escape upwards, the correction might continue to 1.0620, followed by a decline to 1.0220. With an escape downwards, a pathway directly to 1.0220 will open. GBPUSD, “Great Britain Pound vs US Dollar” The pair is forming a consolidation range […]
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 […]