Category: Technial Analysis
• S&P 500 reversed from support zone• Likely to rise to resistance level 4250.00 S&P 500 index recently reversed up from the support area lying located between the long-term support level 4150.00 (which has been reversing the price from last June) and the lower daily Bollinger Band. The upward reversal from this support zone stopped […]
The BTC is having tough times right now. On Wednesday, the major cryptocurrency is trading at $38,945 and trying to recover after plummeting the day before. Despite the local correction, bears are still dominating. The technical picture tells us to continue monitoring $37,000 – bears will concentrate all forces on breaking it. The chances for […]
EURUSD continues falling and reaching new lows. The major currency pair hit another bottom. The current quote for the instrument is 1.0619. The Durable Goods Orders report from the US was below expectations but still quite positive – the indicator added 0.8% mm in March against the expected reading of 1.0% m/m. In February, it […]
Residents of a small village in Senegal are resisting the disasters of climate change and global warming, and the severe drought that it caused, with a project to grow vegetables and employ the population, after digging a well to provide irrigation water, using renewable energy sources, such as solar energy, and working ecosystems. The project […]
Type: Bullish BounceKey Levels:Resistance: 23.870Pivot: 23.280Support: 22.875Preferred Case:Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 23.280 in line with 138.2% Fibonacci extension towards our 1st resistance level of 23.870 which is in line with 23.6% Fibonacci retracement.Alternative Scenario:Otherwise, the price might […]
Tesla Sell Off DeepensShares in US automaker and alternative energy firm Tesla have come under heavy selling pressure this week. The company’s stock plunged by 12% yesterday over concerns relating to the company’s founder and CEO, Elon Musk, agreeing to but Twitter for $44 billion. Stockholders are reportedly concerned that, in order to finance the […]
EURUSD, “Euro vs US Dollar” In the monthly chart, EURUSD is testing the descending channel’s downside border; after updating last March’s low, the asset has broken the downside border of a Triangle pattern and may later return to the pattern’s broken border at 1.0845. The instrument is currently moving below Ichimoku Cloud, thus indicating a […]
AUDUSD took a break from falling; investors are analysing the inflation data. The Australian Dollar stopped falling against the USD. The current quote for the instrument is 0.7159. The CPI in Australia gained 2.1% q/q in the first quarter of 2022 after adding 1.3% q/q the quarter before and against the expected reading of 1.7% […]
Type: Bullish BounceKey Levels:Resistance: 4.5230Pivot: 4.4320Support: 4.3950Preferred Case:Price is moving nearer to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 4.4320 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 4.5230 which is in line with 38.2% Fibonacci retracement and 61.8% Fibonacci […]
Mixed Start For Risk MarketsA choppy start to the week for global equities indices. A stronger US Dollar continues to hamper risk appetite although we have seen better two-way action today on the back of a rebound in US tech stocks, which is helping the broader risk complex. Markets were roiled last week by comments […]