Category: Technial Analysis
The macro data on the US economy released on Friday showed that high inflation in April failed to stifle consumer momentum in an economy that has a history dating back to post-COVID fiscal stimulus. Although household incomes did not grow as fast as expected (0.4% m/m, vs. 0.5% expected), consumers increased spending by 0.9% m/m, […]
• GBPCAD reversed from resistance level 1.6175• Likely to fall to support level 1.5950 GBPCAD recently reversed down from the key resistance level 1.6175 (top of the earlier minor correction from the start of May). The resistance area near the resistance level 1.6175 was further strengthened by the upper daily Bollinger Band and by the […]
• EURJPY broke resistance level 136.60• Likely to rise to resistance level 138.00 EURJPY currency pair continues to rise after the earlier breakout of the resistance level 136.60 (which stopped the previous minor wave (i)). The breakout of the resistance level 136.60 continues the active minor impulse wave (iii) of the higher-order impulse wave 3 […]
The BTC has been growing for three days in a row. On Monday, the leading cryptocurrency is rising to $30,550, which is quite a decent result. However, in the medium run, the crypto still looks complicated and dubious. Over past week, the BTC lost 4.10%, the price secured in a channel between $28,500-$30,500. The support […]
EURUSD is keeping its positive momentum. Early in the week, the major currency pair is still rising. The current quote for the instrument is 1.0755. Last Friday’s data from the US showed that the Personal Income in April gained less than expected, 0.4% m/m, after adding 0.5% m/m in March. Personal Spending, in turn, expanded […]
Oil prices reach their highest level in two months, and Brent crude is near $120 Oil prices rose in trading today, Monday, May 30, 2022, recording their highest levels in more than two months before the European Union meeting on imposing new sanctions on Russia. The oil market is awaiting whether the new package of […]
Gold prices rose in trading Monday, May 30, 2022, with the weakness of the US dollar, although the gains turned some investors to riskier assets in Asia. Despite the precious metal’s gains, in recent days; This will not prevent a new monthly decrease. Gold Prices Today The price of gold futures contracts – August delivery […]
Type: Bullish BounceKey Levels:Resistance: 0.72627Pivot: 0.70902Support: 0.69503Preferred Case:On the H1, with price moving above the ichimoku cloud and price moving within the ascending trend channel, we have a bullish bias that price will rise to our 1st resistance at 0.72627 where the swing high is from our pivot at 0.70902 in line with the 61.8% […]
The US Dollar is down against G10 currencies for a second consecutive week, there was a major attempt to break below the key 101.50 level in DXY following notable recovery in risk sentiment in the US equity market on Thursday which also provided some bullish momentum to APAC and European markets today. And while fluctuations […]
Type: Bullish BounceKey Levels:Resistance: 1869.9Pivot: 1846.5Support: 1832.7Preferred Case:On the H4, with prices moving above the ichimoku indicator and breakout from descending trendline, we have a bullish bias that price will rise from our pivot at 1846.5 where the horizontal pullback support is to our 1st resistance at 1869.9 in line with the horizontal swing high […]