Category: Technial Analysis

EURUSD, “Euro vs US Dollar” EURUSD has completed the descending wave at 1.0855 and may later start a new correction to reach 1.0955. After that, the instrument may resume trading downwards with the target at 1.0805. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is forming a new consolidation range around 1.3080. Possibly, the pair […]

Although Europe’s decision to ban Russian coal will affect a major source of Moscow’s revenue, it risks soaring electricity prices on the old continent, amid tight global supplies. The European Union on Friday formally adopted the fifth package of sanctions imposed on Russia since the invasion of Ukraine on February 24, including a ban on […]

Type: Bearish DipKey Levels:Resistance: 2344.5Pivot: 2298.0Support: 2165.5Preferred Case:We see the potential for a dip from our pivot at 2298.0 in line with 78.6% Fibonacci retracement towards our 1st support at 2165.5 in line with 78.6% Fibonacci Projection and 61.8% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator where price is at resistance […]

Type: Bearish DipKey Levels:Resistance: 103.78Pivot: 95.09Support: 93.51Preferred Case:Prices have approached a pivot. We see the potential for a bounce from our pivot at 95.09 which is a graphical overlap and in line with 127.2% Fibonacci extension towards our 1st resistance at 103.78 in line with 127.2% Fibonacci Projection .Alternative Scenario:Alternatively, price may break our pivot […]

• Coca-Cola broke key resistance level 63.00• Likely to test resistance level 64.00 Coca-Cola recently broke the key resistance level 63.00 (which stopped the previous intermediate impulse wave (1) at the start of last month). The breakout of the resistance level 63.00 should further accelerate the active strong upward impulse wave 3 from March. Coca-Cola […]

• NZDUSD reversed from resistance zone• Likely to fall to support level 0.6830 NZDUSD currency pair recently reversed down from the resistance zone located between the round resistance level 0.7000 and the upper daily Bollinger Band. The pair just broke the support level 0.6890 (which has been reversing the price since March) – which accelerated […]

The crypto market plummeted. The BTC dropped to $42,700 for the first time in two weeks and its capitalisation plunged to $825 billion. The BTC’s market share is now estimated at 39.3%. the total capitalisation of the entire crypto market is $2.09 trillion. The key reason for this decline is investors’ risk aversion. Another factor […]

.AUDUSD is falling under the attack of the “greenback” and amid the global risk appetite decline. The Aussie continues falling against the USD. The current quote for the instrument is 0.7462. The RBA Financial Stability Review published earlier today says that many Australian loaners are ready for the benchmark interest rate hike. According to the […]

Type: Bearish ReversalKey Levels:Resistance: 2644Pivot: 2597Support: 2528Preferred Case:We see the potential for a bearish reversal from our pivot at 2597 in line with 50% Fibonacci retracement towards our 1st support at 4.7270 in line with 61.8% Fibonacci projection and 127.2% Fibonacci extension. Our bearish bias is supported by the stochastic indicator where price is at […]

Type: Bearish DipKey Levels:Resistance: 4.7880Pivot: 4.7650Support: 4.7270Preferred Case:We see the potential for a dip from our pivot at 4.7650 in line with 50% Fibonacci retracement towards our 1st support at 4.7270 in line with 38.28% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator where price is at resistance level.Alternative Scenario:Alternatively, price may […]