Category: Technial Analysis
USDJPY is moving to the upside and updating its 20-year highs. The Japanese Yen’s devaluation against the USD continues. The current quote for the instrument is 133.12. Just like yesterday, the “greenback” is supported by US bond yield growth. In this light, the Yen is forced to quickly retreat. The Ministry of Finance has to […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the correction at 1.0713; right now, it is falling to break 1.0674 and may later continue trading downwards to reach 1.0630. After that, the instrument may resume growing to test 1.0674 from below and then start a new decline with the target at 1.0587. GBPUSD, “Great Britain […]
Type: Bearish MomentumKey Levels:Resistance: 16.985Pivot: 16.760Support: 16.360Preferred Case:On the H1, price is moving below the ichimoku cloud and has a bearish exit from the ascending channel which supports our bearish bias that when price drops to our pivot at 16.760 in line with swing low resistance, 61.8% fibonacci projection and 78.6% fibonacci projection , there […]
Type: Bearish MomentumKey Levels:Resistance: 333.95Pivot: 329.95Support: 317.75Preferred Case:On the H1, price is moving below the ichimoku cloud and has broken out from the ascending trendline which supports our bearish bias that price will drop from our pivot at 329.95 in line with the overlap resistance and 38.2% fibonacci retracement to the 1st support at 317.75 […]
The BTC rate is declining for the second day in a row. Today, it is trading at $30,228 USD, while yesterday it fell to $29,200, its weekly low. There were some signs of local demand early in the week but not for long – the major cryptocurrency is now stuck between $29,200 and $31,590. The […]
EURUSD is falling on Wednesday morning but keeps on trying to consolidate. The major currency pair is declining despite the market’s attempts to reach stability. The current quote for the instrument is 1.0692. The key trigger that supports the “greenback” is the rally in US bond yield growth. Also, investors are very cautious about possible […]
Oil prices rose, during trading today, Wednesday, June 8, 2022, amid expectations of a decrease in US oil stocks. The rise coincides with expectations of increased demand for fuel in the upcoming driving season, as the US Energy Information Administration raised its forecasts for oil demand this year. Oil Prices Today The price of the […]
Type: Bullish RiseKey Levels:Resistance: 103.225Pivot: 102.592Support: 101.856Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 102.592 at the swing high to the 1st resistance at 103.225 in line with the 50% fibonacci retracement and 100% fibonacci projection.Alternative Scenario:Price may […]
Equities Mostly Higher This Week Ahead of Key Data EventsWe’ve seen a mixed start for global equities benchmarks on Tuesday. US stocks are under pressure amidst a better showing in USD while, elsewhere, European and Asian markets are trading with a better tone. The NIKKEI is having another solid week following a strong rally on […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Engulfing reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0840. However, an alternative scenario implies […]