Category: Technial Analysis
Residents of a small village in Senegal are resisting the disasters of climate change and global warming, and the severe drought that it caused, with a project to grow vegetables and employ the population, after digging a well to provide irrigation water, using renewable energy sources, such as solar energy, and working ecosystems. The project […]
Type: Bullish BounceKey Levels:Resistance: 23.870Pivot: 23.280Support: 22.875Preferred Case:Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 23.280 in line with 138.2% Fibonacci extension towards our 1st resistance level of 23.870 which is in line with 23.6% Fibonacci retracement.Alternative Scenario:Otherwise, the price might […]
Tesla Sell Off DeepensShares in US automaker and alternative energy firm Tesla have come under heavy selling pressure this week. The company’s stock plunged by 12% yesterday over concerns relating to the company’s founder and CEO, Elon Musk, agreeing to but Twitter for $44 billion. Stockholders are reportedly concerned that, in order to finance the […]
EURUSD, “Euro vs US Dollar” In the monthly chart, EURUSD is testing the descending channel’s downside border; after updating last March’s low, the asset has broken the downside border of a Triangle pattern and may later return to the pattern’s broken border at 1.0845. The instrument is currently moving below Ichimoku Cloud, thus indicating a […]
AUDUSD took a break from falling; investors are analysing the inflation data. The Australian Dollar stopped falling against the USD. The current quote for the instrument is 0.7159. The CPI in Australia gained 2.1% q/q in the first quarter of 2022 after adding 1.3% q/q the quarter before and against the expected reading of 1.7% […]
Type: Bullish BounceKey Levels:Resistance: 4.5230Pivot: 4.4320Support: 4.3950Preferred Case:Price is moving nearer to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 4.4320 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 4.5230 which is in line with 38.2% Fibonacci retracement and 61.8% Fibonacci […]
Mixed Start For Risk MarketsA choppy start to the week for global equities indices. A stronger US Dollar continues to hamper risk appetite although we have seen better two-way action today on the back of a rebound in US tech stocks, which is helping the broader risk complex. Markets were roiled last week by comments […]
GBPCAD Sells Off AgainThe GBPCAD breakdown trade highlighted recently has triggered with GBPCAD moving through the 1.6293 level support. With GBP under heavy selling pressure over fresh growth fears, the focus now is on a drop down to the target at 1.5899. Recent UK data confirmed the worst consumer confidence in 30 years as UK […]
Shares in US social media company Twitter are trading around 5% higher pre-market today following news that the company has approved Elon Musk’s $44 billion takeover bid. Following news of the successful bid, Musk tweeted on the deal saying: “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0700, EURUSD is consolidating above this level. Possibly, the pair may expand the range down to 1.0677. After that, the instrument may start a new correction with the target at 1.0822. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the descending wave at […]