Category: Technial Analysis
Type: Bullish RiseKey Levels:Resistance: 7366Pivot: 7154.3Support: 6996.2Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending trendline, we have a bullish bias that price will rise from the pivot at 7154.3 in line with the 61.8% fibonacci projection to the 1st resistance at 7366 in line with the overlap resistance […]
EURUSD, “Euro vs US Dollar” EURUSD is forming a new descending wave towards 1.0674 and may later correct up to 1.0720. After that, the instrument may resume falling to break 1.0627 and then continue moving within the downtrend with the target at 1.0585. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is forming a new […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking 8/8, EURUSD is no longer moving within the “overbought area”. In this case, the price is expected to test 7/8, break it, and then continue falling to reach the support at 6/8. Still, this scenario may no longer be valid […]
Italy’s yields fall ahead of the ECB meeting, as markets increase their bets on ECB hikes. Benchmark Italian yields fell on Monday following news that the European Central Bank was planning a new bond-buying program to assist vulnerable economies, even as it is expected to discuss potential rate hikes to combat rising inflation later this […]
Starbucks Keeps Schultz OnShares in US coffeehouse-titan, Starbucks, are trading a little higher ahead of the open today. The company announced today that interim CEO Howard Schultz will remain in-place until March 20223 while the company searches for a new CEO. Starbucks is aiming to find a replacement by fall but will keep Schultz on […]
Type: Bullish RiseKey Levels:Resistance: 64046Pivot: 61739 Support: 58718Preferred Case:On the H4, with price moving within the ascending trend channel and above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 61739 in line with the 23.6% fibonacci retracement and 61.8% fibonacci projection to the 1st resistance at […]
On Monday, the BTC is growing, though yesterday the market had its doubts about this being possible. Main movements concentrate around $31,181. $29,000 remains an important threshold. Any steps over it downwards will become a bearish signal for a decline to $28,000, from where there will be a lot of chances for falling to $20,000. […]
EURUSD had to fall amid global risk aversion. The major currency pair is consolidating on Monday. The current quote for the instrument is 1.0732. The key reason for this decline is another global risk aversion. At the same time, the US bond yield is rising and providing the “greenback” with significant support. In addition, the […]
Gold prices rose about $5, during trading today, Monday, June 6, 2022, supported by a slight decline in the dollar price and US Treasury bond yields. This comes despite the fact that the outlook for the yellow metal has been subject to sharp increases in interest rates by central banks. Gold Prices Today The price […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the cloud’s downside border. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2530 and then resume moving upwards to reach 1.2825 Another signal in favour […]