Category: Technial Analysis

EURUSD, “Euro vs US Dollar” EURUSD continues falling towards 1.0750 and may later start a new correction to reach 1.0830. After that, the instrument may resume trading downwards with the target at 1.0730. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD completed the descending wave at 1.3018. Today, the pair may consolidate around this level. […]

Gold prices rise by $19 as the Ukrainian crisis escalates Gold prices rose more than 19 dollars, during trading on Monday, recording their highest levels since mid-March; The uncertainty surrounding the Russian-Ukrainian conflict dampened risk sentiment and pushed investors towards bullion safety. This comes with the escalation of tensions in the Ukraine crisis; Several explosions […]

After updating its 20-year high, USDJPY continues rising.  The Japanese Yen remains very weak against the USD. The current quote for the instrument is 126.65. The JPY is mostly pressured by the “greenback” and the US Fed’s monetary policy. Because of high inflation, the American regulator had to tighten its monetary policy, thus supporting the […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is rebounding from the support level at 0.7358; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7370 and then resume moving downwards to reach 0.7275. Another signal in favour of a […]

Type: Bearish ReversalKey Levels:Resistance: 0.94304Pivot: 0.93745Support: 0.92879Preferred Case:On the H4 timeframe, price is abiding by the ascending trendline. We see the potential for bearish reversal from our pivot level at 0.93745 in line with 61.8% Fibonacci retracement towards our 1st support level at 0.92879 which is in line with 50% Fibonacci retracement.Alternative Scenario:Alternatively, price might […]

Daily Market Outlook, April 14, 2022 Overnight Headlines Fed’s Waller: Likelihood Of Many Half-Point Hikes Ahead Sec Yellen Challenges China In New World Order Outlook US Weighs Sending Top-Level Official To Meet Zelenskyy US Extends Transit Mask Mandate To May On Covid Rise BoC’s Macklem: Banks Won’t Let 1970s Stagflation Arise PBoC Forecasted To Slash […]

• CADJPY under the bullish pressure• Likely to rise to resistance level 102.00 CADJPY is under the bullish pressure – after the pair broke the round resistance level 100.00 (which stopped the previous impulse wave 3 last month). The breakout of the resistance level 100.00 accelerated the active impulse waves 5 and (C). Given the […]

No changed in the BTC so far. On Friday 15 April, the major cryptocurrency is trading at $40,144. There isn’t too much activity – the Catholic countries are celebrating Good Friday today, so exchanges are closed. Yesterday, the US release a pretty good report on the retail sales – the population continues buying despite the […]

EURUSD dropped to its 2-year lows; the asset is looking really weak. The major currency pair updated its lows yesterday. Right now, it is trying really hard to reach stability. The current quote for the instrument is 1.0806. The European Central bank had a meeting yesterday and decided to change absolutely nothing. The benchmark interest […]

The Russian-Ukrainian war has exacerbated global fears of a crisis in the liquefied natural gas market, of which Moscow is one of the most important players. To overcome these concerns, Japan plans to boost its investments in LNG exploration projects, to stimulate development and boost fuel production in the country. Today, Friday, Japanese Industry Minister […]