Category: Technial Analysis

EURUSD hit another bottom and remains extremely weak.  The major currency pair reached new lows yesterday. The current quote for the instrument is 1.0707. The market is currently against the Euro due to the difference in interest rates and monetary strategies of the US Fed and the ECB. However, there is a nuance – investors […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new correctional impulse. In this case, the upside correctional target may be at 1.0785. However, an alternative scenario […]

The dollar has surged to a two-year high as a result of growth concerns and rate bets. The dollar soared to a two-year high on Tuesday, while the euro fell to its lowest level since March 2020, as investors worried about the economic impact of China’s COVID-19 lockdowns and rising expectations for a major U.S. […]

Type: Bullish BounceKey Levels:Resistance: 0.7284Pivot: 0.71638Support: 0.70946Preferred Case:Price is near the key pivot level. We see the potential of a bullish bounce from pivot level of 0.71638 in line with 100% fibonacci projection towards the 1st resistance level of 0.7284 in line with 38.2% fibonacci retracement and 100% fibonacci projection.Alternative Scenario:Otherwise, price might break the […]

Type: Bullish BounceKey Levels:Resistance: 2968Pivot: 2890Support: 2717Preferred Case:On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our pivot at 2890 where the pullback resistance is to our 1st support at 2717 in line with the daily horizontal overlap support and 161.8% Fibonacci extension.Alternative Scenario:Alternatively, […]

• Natural gas reversed from support zone• Likely to rise to resistance level 7.50 Natural gas recently reversed up from the powerful support zone located between the pivotal support 6.50 (former multi-month high from October of 2021), 20-day moving average, upper trendline of the daily up channel from January and the 38.2% Fibonacci correction of […]

• EURJPY reversed from resistance zone• Likely to fall to support level 134.00 EURJPY currency pair recently reversed down from the resistance zone located between the 2 long-term resistance levels: 137.20 (yearly high from 2018) and 140.00 (key resistance from 2015). The downward reversal from this resistance zone stopped the earlier intermediate impulse wave (3). […]

NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD 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 Kijun-Sen at 0.6665 and then resume moving downwards to reach 0.6450. Another signal in favour of a further downtrend will […]

USDJPY is slowly moving away from the multi-year highs. The Japanese Yen is trying to reach stability against the USD after plummeting to its 20-year lows. The current quote for the instrument is 127.85. The Yen devaluation attracted a lot of attention and it seems like market players finally decided that it was too much. […]

Daily Market Outlook, April 26, 2022 Overnight Headlines China Central Bank Seeks To Calm Markets With Support Pledge Japan Readies $48bn Package To Ease Inflation Pain – Nikkei Goldman Sachs Now Sees ECB Hiking Interest Rates In July Oil Advances As Investors Weigh China’s Covid-19 Resurgence Dollar Ascends On China Covid Fears, Fed Rate Hike […]