Category: Technial Analysis

German inflation has reached a four-decade high as a result of rising energy prices. In April, German inflation reached its highest level in more than four decades, fueled by natural gas and mineral oil prices that have skyrocketed since Russia’s attack on Ukraine. Consumer prices harmonised to make them comparable with inflation data from other […]

Scotland counts on solar energy to achieve climate goals by 2030 The Scottish government has expressed its commitment to including solar energy in its new strategy to achieve climate goals, after the ruling Scottish National Party announced last Friday the signing of a power-sharing agreement in the country with the Green Party. The document, issued […]

Type: Bullish RiseKey Levels:Resistance: 695’7Pivot: 664’7Support: 645’7Preferred Case:We are expecting the price to potentially rise from our pivot level of 664’7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695’7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Otherwise, the price might break our pivot structure and […]

Type: Bullish RiseKey Levels:Resistance: 19.37Pivot: 18.98Support: 18.84Preferred Case:We are expecting the price to potentially rise from our pivot level of 18.98 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection towards our 1st resistance level of 19.37 which is in line with 50% Fibonacci retracement and 61.8% Fibonacci projection.Alternative Scenario:Otherwise, the price might break […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still rebounding from Tenkan-Sen. 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 1.2615 and then resume moving downwards to reach 1.2265 Another signal in favour of a further […]

EURUSD hit another bottom – and it didn’t surprise anybody.  The major currency pair reached new lows – the last time the asset was moving there was in March 2017. The current quote for the instrument is 1.0541. The USD rally doesn’t stop. The nearer the date of the Fed’s May meeting and the GDP […]

Putin Backs Up ThreatsRussia has this week followed through on its threat to sever gas supplies with countries refusing to meet Putin’s demand that gas payments be made in Rubles. Gas supply to Poland and Bulgaria has been switched off in light of both countries refusing to satisfy Putin’s demands. With further payment deadlines from […]

CIBCFX Flows$YEN had a very brief visit to 126.965 early this morning, there was no headlines so we believe it was positioning in thin market. $YEN headed higher after Tokyo opened, yields of UST also gained. Good demand for the Tokyo fix sent the pair to 127.64. Activity slowed soon after, $YEN drifted lower. $YEN […]

USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading within the “overbought area”. In this case, the price is expected to test +1/8, rebound from it, and then resume falling to reach the support at 8/8. However, this scenario may no longer be valid if the price breaks the resistance at […]

Deutsche Bank, one of the first major global investment banks, recently stated in its report that the global economy will face a recession next year. Some time later, bank analysts came up with an even more depressing forecast, which says that markets may underestimate its scale, as the strong increase in inflation expectations will force […]