Category: Technial Analysis
XAUUSD, “Gold vs US Dollar” As we can see in the daily chart, XAUUSD is forming another rising wave within the uptrend after convergence on MACD; the previous wave has tested 50.0% fibo. In this case, the pair is expected to continue the uptrend to reach 61.8% and 76.0% fibo at 1908.00 and 1969.50 respectively. […]
EURUSD, “Euro vs US Dollar” Having finished the descending structure and reached the short-term target at 1.1414, EURUSD is expected to continue the correction to reach 1.1390. Possibly, today the pair may return to test 1.1436 from below and then complete the correction by falling towards 1.1390. Later, the market may resume trading upwards with […]
TheDollar managed to gain a foothold after touching 100-day SMA on Friday, but onMonday the recovery was difficult – the dollar index dangled near the week’s opening:Sellershave broken the uptrend that has lasted since June 2021, so ongoing correctionmay take place in several stages. The main resistance in the index, where awave of sales may […]
GBJPY In Holding PatternGBPJPY price action is starting to look very interesting here. Price is has been sitting in a tight range just under the 157.88 highs over the last week. While there are clear double-top risks, given the strength of the recent rally, and with the retail market still overwhelmingly short here, I’m looking […]
EURUSD stopped growing; the statistics failed the “greenback”. The major currency pair is rather neutral early in the week. The current quote for the instrument is 1.1426. The statistics published by the US were disappointing. It seems like the Omikron strain together with surging inflation penetrated the country’s economy and financial system much deeper […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1413; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1375 and then resume moving upwards to reach 1.1560. Another signal in favour of a further uptrend will be […]
The European Central Bank remains confident that inflation will come down this year but is prepared to adjust policy to meet its inflation target, ECB chief Christine Lagarde said on Friday.”We understand that price increases are a concern for many and we take this concern very seriously,” Lagarde said. Eurozone inflation hit 5% in December, […]
The World Bank on Tuesday trimmedforecasts for economic growth in the United States, the Eurozone and China and warned that high debt levels, rising income inequality and new strains of coronavirus threaten recovery in developing countries.Global growth in 2022 is expected to slow “significantly” to 4.1% from 5.5% a year earlier, and to 3.2% in […]
Type: Bearish ReversalKey Levels:Resistance: 1.2606Pivot: 1.2547Support: 1.24574Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our pivot at 1.2547 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement to 1st support at 1.24574, which is in line with horizontal overlap support and 100% […]
Dollar weakness this week is more attributable to improved growth prospects and yields on local non-US assets than to a breakdown in Fed policy expectations. In this regard, the dollar correction may be longer than expected as non-US yields driver apparently comes into the spotlight. Nevertheless, it is still premature to say that the dollar […]
