Category: Technial Analysis
Gold prices rose during trading on Monday, supported by the uncertainty about the Russian-Ukrainian war, in addition to the closures in China to control the Corona virus. The US Treasury bond yields and the high dollar deprived the yellow metal of achieving gains, after it had started today’s trading with a decline. Gold Prices Today […]
Oil prices fell about 2% during trading on Monday, amid the market’s anticipation of the liberation of the strategic oil reserves announced by the member states of the International Energy Agency, with the continued closures in China due to the Corona virus. Oil prices ended their trading on Friday with a rise of more than […]
Type: Bearish DipKey Levels:Resistance: 20.69Pivot: 20.36Support: 19.86Preferred Case:We see the potential for a bearish dip from our pivot at 20.36 in line with Fibonacci extension towards our 1st support at 19.86 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is trading at […]
Coca Cola Shares ReboundFollowing a tricky period across the middle of Q1, Coca Cola shares have rebounded firmly in recent weeks and are now trading at fresh, all-time highs. The company saw its stock price plunge by around 9% in March as investors scorned KO for now immediately joining the wave of global corporates boycotting […]
• GBPUSD reversed from round support level 1.3000• Likely to rise to resistance level 1.3160 GBPUSD currency pair today reversed up with the daily Hammer from the round support level 1.3000 (which stopped the previous sharp impulse wave 1 in the middle of March). The support zone near the support level 1.3000 is strengthened by […]
• Silver reversed from support level 24.10• Likely to test resistance level 25.50 Silver recently reversed up from the key support level 24.10 (which stopped the previous minor impulse wave 1 at the end of March). The support zone near the support level 24.10 was strengthened by the lower daily Bollinger Band and by the […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Hammer, not far from the support area. At the moment, the asset is reversing in the form a further uptrend. In this case, the upside target may be the resistance level at 1975.00. At […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from Tenkan-Sen and Kijun-Sen at 1.0890; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0985 and then resume moving downwards to reach 1.0715. Another signal in favour of a […]
The markets’ focus next week should continue to remain on commodity prices, disruptions in trade and supply of commodities. The inflation they generate is difficult to manage by Central Banks of developed countries, as it can only be suppressed by destruction of consumer demand, which is fraught with even greater economic and political troubles.A good […]
US market researcher Jim Bianco warned that the Federal Reserve’s decisive steps to curb runaway inflation would hurt Wall Street. In his opinion, all financial assets may suffer, writes CNBC.At the end of 2021, Bianco turned bearish on the stock market citing inflation as the biggest risk. The fault of the Fed is, in his […]