Category: Technial Analysis
EURUSD, “Euro vs US Dollar” After completing the descending wave at 1.0836 along with the correction up to 1.0911, EURUSD is falling towards 1.0848 and may later consolidate there. If the price breaks this range to the upside, the instrument may start a new correction with the target at 1.0995. GBPUSD, “Great Britain Pound vs […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 1/8, break it, and then continue falling to reach the support at 0/8. Still, this scenario may no longer […]
Because of rising heating demand, the price of natural gas in the United States is set to reach its highest level since 2008. On Monday, U.S. natural gas futures rose about 5%, putting the contract on track for its highest close in 13 years, on higher-than-expected heating demand and as much higher global gas prices […]
Type: Bearish ReversalKey Levels:Resistance: 239.15Pivot: 235.90Support: 230.05Preferred Case:We see the potential for a bearish dip from our pivot at 235.90 in line with 61.8% Fibonacci projection and 138.2% Fibonacci extension towards our 1st support at 230.05 in line with 38.2% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator where price is trading […]
Type: Bearish DipKey Levels:Resistance: 2748Pivot: 2697Support: 2596Preferred Case:We see the potential for a bearish dip from our pivot at 2697 in line with 78.6% Fibonacci projection and 138.2% Fibonacci extension towards our 1st support at 2596 in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is supported by price trading below […]
The BTC still looks quite disappointing. Over a week, the leading cryptocurrency lost 7%. The capitalisation of the BTC dropped to $803 billion. The BTC quotes are depressed because of American stock exchanges: at the nearest meeting, the Fed might raise the interest rate by 50 basis points. This is a serious impact on the […]
GBPUSD remains under pressure and may start plunging at any moment. It seems like the Pound sterling is afraid to move at all against the USD. The current quote for the instrument is 1.3028. The USD’s attack against the British currency is too strong. Bears may get more active and push the Pound down to […]
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 […]