Category: Technial Analysis
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is rebounding from Tenkan-Sen at 0.6828; 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 0.6880 and then resume moving downwards to reach 0.6685. Another signal in favour of a further […]
GBPUSD is still falling and slowly approaching the lows. The Pound sterling resumed its decline against the USD. The current quote for the instrument is 1.3012. The statistics published today showed that the Unemployment Rate in the United Kingdom dropped to 3.8% in February after being 3.9% in the previous month. The Average Earnings gained […]
Type: Bullish BounceKey Levels:Resistance: 1954.7Pivot: 1942.5Support: 1937.9Preferred Case:Prices are consolidating in a triangle pattern . We see the potential for further bullish continuation from our Pivot at 1942.5 in line graphical overlap and 23.6% Fibonacci retracement towards our 1st resistance at 1954.7 in line with 127.2% Fibonacci Projection . Prices trading above our Ichimoku cloud […]
Type: Bullish BounceKey Levels:Resistance: 1108’4Pivot: 1071’6Support: 1055’0Preferred Case:Prices are at a pivot . We see the potential for a bounce from our pivot at 1071’6 in line with 23.6% Fibonacci Retracement towards our 1st resistance at 1108’4 which is an area of Fibonacci confluences. Prices are trading above our Ichimoku clouds , further supporting our […]
China CPI Surges AgainCPI data from the world’s second largest economy overnight showed that price pressures continued to grow last month. CPI was seen jumping 1.5% on the month, up from the prior 0.9% reading and well above the 1.1% result forecasted. Additionally, China headline PPI came in at 8.3%, beating expectations for an 8.1% […]
Type: Bullish BounceKey Levels:Resistance: 25.105Pivot: 24.850Support: 24.795Preferred Case:Prices are on bullish momentum. We see the potential for a bounce from our Pivot at 24.850 which is a graphical overlap towards our 1st resistance at 25.105 in line with 100% Fibonacci Projection . Prices are trading above our ichimoku clouds , further supporting our bullish bias.Alternative […]
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 […]