Category: Technial Analysis

Type: Bullish BounceKey Levels:Resistance: 227.70Pivot: 221.75Support: 219.20Preferred Case:We see the potential for a bounce from our pivot at 221.75 in line with 127.2% Fibonacci extension towards our 1st resistance at 227.70 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension.Alternative Scenario: Alternatively, price may break our pivot structure and head for 1st support at […]

• NZDCAD under bearish pressure• Likely to fall to support level 0.8400 NZDCAD is under the bearish pressure after the price broke the support zone located between the support level 0.8500 (low of wave B from February) and the 61.8% Fibonacci correction of the upward wave from February. The breakout of this support zone should […]

• Corn rising inside impulse waves 3 and (iii),• Likely to reach resistance level 840.00 Corn futures continue to rise inside the accelerated impulse waves 3 and (iii), which belong to the impulse wave (5) from last month. The price earlier broke the resistance level 775.00 (which is the upper border of the sideways wideays […]

Not much has changed about the situation in the BTC lately. Over a week, the price of the leading cryptocurrency dropped by 4.7%; on Monday, the BTC is falling down to $39,000. On the one hand the quotes remain tightly bound to the US stock indices, Nasdaq in particular, and things are getting rather tough. […]

EURUSD, “Euro vs US Dollar” EURUSD continues falling towards 1.0750 and may later start a new correction to reach 1.0830. After that, the instrument may resume trading downwards with the target at 1.0730. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD completed the descending wave at 1.3018. Today, the pair may consolidate around this level. […]

Gold prices rise by $19 as the Ukrainian crisis escalates Gold prices rose more than 19 dollars, during trading on Monday, recording their highest levels since mid-March; The uncertainty surrounding the Russian-Ukrainian conflict dampened risk sentiment and pushed investors towards bullion safety. This comes with the escalation of tensions in the Ukraine crisis; Several explosions […]

After updating its 20-year high, USDJPY continues rising.  The Japanese Yen remains very weak against the USD. The current quote for the instrument is 126.65. The JPY is mostly pressured by the “greenback” and the US Fed’s monetary policy. Because of high inflation, the American regulator had to tighten its monetary policy, thus supporting the […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is rebounding from the support level at 0.7358; 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 0.7370 and then resume moving downwards to reach 0.7275. Another signal in favour of a […]

Type: Bearish ReversalKey Levels:Resistance: 0.94304Pivot: 0.93745Support: 0.92879Preferred Case:On the H4 timeframe, price is abiding by the ascending trendline. We see the potential for bearish reversal from our pivot level at 0.93745 in line with 61.8% Fibonacci retracement towards our 1st support level at 0.92879 which is in line with 50% Fibonacci retracement.Alternative Scenario:Alternatively, price might […]

Daily Market Outlook, April 14, 2022 Overnight Headlines Fed’s Waller: Likelihood Of Many Half-Point Hikes Ahead Sec Yellen Challenges China In New World Order Outlook US Weighs Sending Top-Level Official To Meet Zelenskyy US Extends Transit Mask Mandate To May On Covid Rise BoC’s Macklem: Banks Won’t Let 1970s Stagflation Arise PBoC Forecasted To Slash […]