Category: Technial Analysis

Type: Bearish ContinuationKey Levels:Resistance: 1662’6Pivot:1653’4Support: 1626’2Preferred Case:With price moving below the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 1653’4 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1626’2 which is in line with the horizontal swing low support.Alternative Scenario:Alternatively, […]

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, having completed the correction at 1.1800, rebounded from it to the downside, and then finished another descending wave towards 1.0835, EURUSD has broken the downside border of the consolidation range around the latter level to reach the short-term target at 1.0494. Possibly, […]

On Wednesday, the BTC is balancing at $38,800. Everyone is waiting. The US Fed’s 2-day meeting will be over later today and the regulator is expected to raise the rate. 100%. The question is – by how much? Average market expectations imply a 50-point hike, yup to 0.75-1.00%. this has already been included in prices, […]

• Dow Jones reversed from support level 32460.00• Likely to rise to resistance level 35000.00 Dow Jones recently reversed up from the key support level 32460.00 (which has been reversing the index from the start of this year), standing near the lower weekly Bollinger Band. The support area near the support level 32460.00 was further […]

• USDCAD reversed from key resistance level 1.2890• Likely to fall to support level 1.2750 USDCAD recently reversed down strongly from the key resistance level 1.2890 (which has been reversing the price from last August), standing near the upper daily Bollinger Band. The downward reversal from resistance level 1.2890 stopped the previous short-term impulse wave […]

Daily Market Outlook, May 3, 2022 Overnight Headlines RBA Lifts Rates By 25bps, Just Weeks Out From Election Australia’s Weekly Consumer Confidence Tumbles Amid Rate Jitters New Zealand Government Raises Debt Ceiling, Sets Surplus Limit USTR Tai: All Tools On Table To Beat Inflation, Tariffs Not Top Of List Italy Approves €14Bln Of Stimulus Measures […]

Bearish pullback in the major USD rally failed to gain traction on Monday as buyers stepped up with bids ahead of the Fed meeting on Wednesday, at which the Central Bank is expected to raise rates by 50 bp and outline a plan to sell assets off the balance sheet. The dollar index (DXY), having […]

Equities Bouncing Off LowsGlobal equities indices are seeing better demand across the European open on Tuesday, following the sales seen yesterday. Traders are digesting the recent round of PMI data releases which came in weaker than expected in China and the US. Growth concerns are back top of the mind this week in light of […]

Credit AgricoleAsia overnight Sentiment was steady as much of Asia returned from holidays. Firm US equities as investors started some dip buying last week helped support sentiment. Pledges by Chinese policymakers last week to help support the economy also continue to help sentiment. Investors remain cautious, however, ahead of a series of central bank meetings […]

The 10-year Treasury yield has finally reached an important 3% milestone, however, slipped below the level on lack of bearish consensus, greenback index stabilized at 103.50, the S&P 500 fell below 4100 on Monday, however, there lack of persistence from the sellers helped the index to close in green above the 4100 level. It seems […]