Category: Technial Analysis
• CADJPY under the bullish pressure• Likely to rise to resistance level 102.00 CADJPY is under the bullish pressure – after the pair broke the round resistance level 100.00 (which stopped the previous impulse wave 3 last month). The breakout of the resistance level 100.00 accelerated the active impulse waves 5 and (C). Given the […]
No changed in the BTC so far. On Friday 15 April, the major cryptocurrency is trading at $40,144. There isn’t too much activity – the Catholic countries are celebrating Good Friday today, so exchanges are closed. Yesterday, the US release a pretty good report on the retail sales – the population continues buying despite the […]
EURUSD dropped to its 2-year lows; the asset is looking really weak. The major currency pair updated its lows yesterday. Right now, it is trying really hard to reach stability. The current quote for the instrument is 1.0806. The European Central bank had a meeting yesterday and decided to change absolutely nothing. The benchmark interest […]
The Russian-Ukrainian war has exacerbated global fears of a crisis in the liquefied natural gas market, of which Moscow is one of the most important players. To overcome these concerns, Japan plans to boost its investments in LNG exploration projects, to stimulate development and boost fuel production in the country. Today, Friday, Japanese Industry Minister […]
Regulator XGLOBAL Group overview X GLOBAL Markets Ltd and XGLOBAL FX Ltd are regulated investment firms that are both 100% owned by X GLOBAL Holding Ltd. X GLOBAL Markets Ltd (CySEC) CySEC regulated Accepts EEA residents Investor Compensation Fund Negative balance protection Continue XGLOBAL FX Ltd (VFSC) VFSC regulated Accepts non-EEA residents Pro trading […]
Credit AgricoleAsia overnightRetreating USTyields and expectations for monetary policy easing in China both helped investor sentiment in the Asian session. UST yields are in modest retreat following the below-consensus US core inflation reading on Wednesday. China’s policymakers have indicated looser monetary policy is on the way. Most Asian bourses as well as S&P 500 futures […]
Type: Bullish BounceKey Levels:Resistance:Pivot:Support:Preferred Case:On the H4 timeframe, price is abiding to ascending trendline. We see the potential for a bullish continuation from our pivot level at 0.74299 in line with 50% Fibonacci retracement towards our 1st resistance level at 0.75364 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, if price breaks […]
• Natural gas in a strong uptrend• Likely to test resistance level 8.0000 Natural gas has been rising strongly in the last few trading sessions following the breakout of the key resistance level 6.50 (former multi-month high from last October). The breakout of the resistance level 6.50 coincided with the breakout of the two different […]
• USDJPY rising inside impulse wave 3• Likely to rise to resistance level 128.00 USDJPY continues to rise inside the minor impulse wave 3, which started earlier from the key support level 125.00 (former top of wave (3)). The support zone near the support level 125.00 was strengthened by the support trendline of the nearby […]
EURUSD, “Euro vs US Dollar” Having rebounded from 1.0920, EURUSD continues falling towards 1.0730 and may later start a new growth with the target at 1.0822. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has rebounded from 1.3141; right now, it is still falling towards 1.3029 and may later grow to reach 1.3088. Later, the […]