Category: Technial Analysis

EURUSD, “Euro vs US Dollar” After breaking 1.0529, EURUSD is still falling towards 1.0483. Later, the market may grow to return to 1.0530 and then form a new descending structure with the target at 1.0462. GBPUSD, “Great Britain Pound vs US Dollar” Having broken 1.2305, GBPUSD continues falling towards 1.2200. After that, the instrument may […]

Bitcoin Falls HardIt’s been a cruel year for crypto traders. The leading crypto coin, Bitcoin, is now down over 60% on the year, having plunged by more than 40% since late March. A ferocious rally in the US Dollar, and a broader rout in risk assets and tech stocks in particular, is weighing heavily on […]

The release of April US inflation report became the trigger of a new wave of sell-off in risk assets as the magnitude of slowdown and dynamics of the components did not live up to expectations. Headline inflation was 0.6% against the forecast of 0.4%, core inflation was 0.3% against the forecast of 0.2%. The main […]

• EURUSD broke support area• Likely to fall to support level 1.030 EURUSD currency pair recently broke through the support area located between the key support level 1.0500 (which has been repeatedly reversing the pair from April) and the lower trendline of the daily down channel from February. The breakout of this support area accelerated […]

EURUSD, “Euro vs US Dollar” EURUSD has fixed below the bullish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0520 and then resume moving downwards to reach 1.0285. Another signal in favour of a […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD is reversing in the form of a new descending impulse. In this case, the downside target may be at 1.2965. However, an alternative scenario implies that the asset […]

Equinor announced its sixth oil discovery on the Norwegian continental shelf this year, it said in a press release on its website on Monday. The new discovery comes in partnership with the Norwegian companies “Bigning Upstream” and “Longboat Energy” of Norway. Expectations indicate that the discovery, which is the “6407/1-9-Egyptian Vulture” well, contains confirmed quantities […]

Oil prices are down 2%, and Brent crude is below $106 Oil prices fell more than 2% during Thursday’s trading; Economic and recession fears have roiled global financial markets, outstripping supply concerns and geopolitical tensions in Europe. Oil prices are under pressure this week, along with global financial markets, amid concerns about rising interest rates, […]

• Dow Jones broke support area• Likely to fall to support level 31000.00 Dow Jones recently broke the support area located between the key support level 32535.00 (which has been reversing the pair from the start of 2021) and the upper 38.2% Fibonacci correction of the upward impulse from 2020. The breakout of this support […]

• EURGBP reversed from resistnace area• Likely to fall to support level 0.8450 EURGBP currency pair recently reversed down from the resistnace area located between the key resistnace level 0.8590 (which has been reversing the pair from November), upper dialy Bollinger Band and the upper trendline of the daily up channel from March. The downard […]