Category: Technial Analysis

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 […]

GBPUSD remains under bearish pressure; there is no good news. The Pound sterling continues weakening against the USD on Thursday. the current quote for the instrument is 1.2205. Today’s flow of statistics didn’t give the Pound a single chance to reach stability.  For example, it turned out that according to the preliminary report, the British […]

EURUSD hit another multi-month bottom while investors are trying to escape risks. The major currency pair is back to falling. The current quote for the instrument is 1.0429. Earlier today, the Euro hit the bottom of March of 2020 and it might be only the beginning. Market players are escaping risks when each new sale […]

Daily Market Outlook, May 11, 2022 Overnight Headlines China Inflation Exceeds Forecasts As Lockdowns Roil Supplies Australia Consumer Sentiment Dives As Rates, Inflation Rise BNZ: Risk Of New Zealand Recession `Rising By The Day’ NZ Government Brings Forward Full Border Opening To End Of July Fed’s Bostic: The US GDP Will Increase By 2.6% This […]

Bad Start to 2022 for EUREUR has been one of the weakest in the G10 bloc over the year so far. While most of the central banks in the G10 have now embarked on a tightening path aimed at unwinding the massive stimulus put in place across the pandemic, normalising monetary policy, and taming soaring […]