Category: Technial Analysis
• WTI reversed from key support level 93.50• Likely to rise to resistance level 105.00 WTI crude oil today reversed up sharply from the key support level 93.50 (which formed the daily Mornign Star in March) – standing near the 38.2% Fibonacci correction of the upward price impulse from December. The upward reversal from the […]
• AUDCHF reversed from pivotal support level 0.6900• Likely to rise to resistance level 0.7000 AUDCHF currency pair today reversed up sharply from the pivotal support level 0.6900 (which stopped the previous corrective wave (iv) at the end of March). The support zone near the support level 0.6900 is strengthened by the 38.2% Fibonacci correction […]
USDJPY continues rising; the Yen is surrendering. The Japanese Yen continues its free-fall against the USD. The current quote for the instrument is 125.65. The Yen hasn’t been able to act as a “safe haven” asset for a long time, although financial and capital markets remain very rough. So, what’s going on? As a rule, […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.0870. If the price breaks this range to the downside, the instrument may start a new decline with the target at 1.0804 or even extend this structure down to 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues consolidating around 1.3030. Possibly, the pair […]
Today, Shell International resumed shipment of liquefied natural gas (LNG) from the Prelude facility, the world’s largest floating LNG terminal, located off northwest Australia, after a 4-month shutdown due to a major blackout. A Shell spokesman said that a shipment of liquefied gas had completed its loading and had left the site, yesterday evening, Sunday, […]
BTC Approaching Key SupportThe fall back in risk appetite over the last two weeks has hit crypto assets hard. BTC has reversed from recent highs around 4800, taking out two key support levels as both MACD and RSI turn lower. BTC is now approaching a major support region at the rising channel low and 37030 […]
US CPI Up NextLooking ahead to today’s US session and the key focus will be the release of US CPI for March. In light of hawkish comments from various Fed members last week, as well as further hawkish details in the FOMC minutes, today’s data holds the power to drive USD further higher. In terms […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is rebounding from Tenkan-Sen at 0.6828; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6880 and then resume moving downwards to reach 0.6685. Another signal in favour of a further […]
GBPUSD is still falling and slowly approaching the lows. The Pound sterling resumed its decline against the USD. The current quote for the instrument is 1.3012. The statistics published today showed that the Unemployment Rate in the United Kingdom dropped to 3.8% in February after being 3.9% in the previous month. The Average Earnings gained […]
Type: Bullish BounceKey Levels:Resistance: 1954.7Pivot: 1942.5Support: 1937.9Preferred Case:Prices are consolidating in a triangle pattern . We see the potential for further bullish continuation from our Pivot at 1942.5 in line graphical overlap and 23.6% Fibonacci retracement towards our 1st resistance at 1954.7 in line with 127.2% Fibonacci Projection . Prices trading above our Ichimoku cloud […]