Category: Technial Analysis
Progress in peace talks between Ukraine and the Russian Federation in Istanbul today has become the main driver of recovery moves in risk assets and Forex. One of the key signals of de-escalation was the statement by a representative of the Russian Defense Ministry that “the Russian Ministry of Defense will significantly reduce military activity […]
Type: Bearish ReversalKey Levels:Resistance: 114.35Pivot: 112.05Support: 107.92Preferred Case:Prices are on bearish momentum and abiding by our descending trendline resistance. We see the potential for a further bearish continuation from our Pivot at 104.45 in line graphical overlap, 23.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st support at 94.44 in line with 61.8% Fibonacci […]
After several trading sessions of growth, AUDUSD took a break. The Australian Dollar is consolidating against the USD. The current quote for the instrument is 0.7481. Market players are focused on geopolitical tensions and energy prices growth, that’s why their responses to the statistics are rather restrained. Earlier today, Australia reported on the Retail Sales […]
The uptrend in USDJPY continues, market players are interested in buying. The Japanese Yen is falling against the USD and updating its 7-year lows. The current quote for the instrument is 123.75. Demand for the “greenback” as a “safe haven” asset remains quite high, forcing the Yen to fall. In addition to that, there is […]
USDRUB Reverses Sharply The US Dollar has fallen almost 21% against the Ruble today and is now down around 42% from the all time highs printed earlier this month. The driver behind the reversal in USDRUB appears to be news over the weekend that Russia will now demand all “unfriendly” countries make their oil and […]
GBPJPY Breakout CompleteThe rally in GBPJPY has seen the pair hitting the final target for the breakout trade from 157.88 at 162.59. The rebound in risk assets over recent weeks has fuelled a high level of outflow from JPY. Meanwhile, hawkish BOE expectations continue to keep the Pound supported against JPY. The retail market continues […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3095; 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 1.3120 and then resume moving downwards to reach 1.2920. Another signal in favour of a further downtrend will […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Harami pattern not far from the support area. At the moment, the asset is reversing in the form a new ascending impulse. In this case, the upside target may be the resistance level at 1970.00. At the same […]
Type: Bullish PressureKey Levels:Resistance: 4.7730Pivot: 4.7000Support: 4.6415Preferred Case:Price is near pivot level of 4.7000 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 4.7730, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is further supported by the stochastic indicator where it is […]
Type: Bullish BounceKey Levels:Resistance: 758’6Pivot: 738’0Support: 716’0Preferred Case:Price is near pivot level of 738’0 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially rise up to the 1st resistance level at 758’6, in line with 161.8% Fibonacci extension. Our bullish bias is further supported by price trading above the Ichimoku cloud […]