Category: Technial Analysis
• GBPCHF reversed from resistance level 1.2400• Likely to fall to support level 1.2140 GBPCHF recently reversed down from the resistance level 1.2400 (top of the previous wave (a)), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from February. The downward reversal from the resistance level 1.2400 stopped the previous […]
GBPUSD reached its two-week highs; the future movements depend on reactions to the statistics. The pound sterling recovered a bit against the USD. The current quote for the instrument is 1.3222. The UK released several macroeconomic reports on prices, which might be very interesting because of their direct influence on the BoE’s stance on the […]
It seems like activity in the BTC revives. On Wednesday, the BTC is correcting at about $42,214; yesterday it reached $43,337. Investors found a catalyst for buying – it’s a positive sentiment in the US stock market. However, it’s too early to say that the tendency is stable: risk attitude is constantly changing. Technically, there […]
CIBCKey Headlines $YEN took out the crucial level 120.00, printed 120.08, high since Feb 2016. Questions raised if the BoJ will tolerate YEN weakness? Governor Kuroda spoke today, there was no mention of FX. Another question was will $YEN will pullback due to financial year-end. Weak consumer confidence out of New Zealand and Australia were […]
Daily Market Outlook, March 22, 2022 Overnight Headlines RBA: Won’t Respond Until There Is Evidence Of Pervasive Price Pressures Kuroda Renews Powerful Easing Pledge In Wake Of Hawkish Fed Signal Australia Consumer Confidence Plunges As Price Expectations Jump Japanese Yen Moves Through 120 To US Dollar, Weakest In Six Years Ether Outperforms Bitcoin As Excitement […]
EURUSD stopped declining and is currently trying to reach stability in anticipation of the news. The major currency pair remains in balance on Wednesday. The current quote for the instrument is 1.1025. There is still no important macroeconomic data and investors continue analysing the past and future moves of the US Fed, and make plans. […]
EURUSD, “Euro vs US Dollar” After reaching the short-term upside target at 1.1040, EURUSD has completed the correction towards 1.1012. Today, the pair may form a new correctional structure to reach 1.1004 and then form one more ascending wave with the target at 1.1063. GBPUSD, “Great Britain Pound vs US Dollar” After breaking the consolidation […]
Type: Bearish DropKey Levels:Resistance: 1759’2Pivot: 1728’4Support: 1637’4Preferred Case:With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637’4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728’4 in line with the 61.8% Fibonacci […]
Type:Bearish ReversalKey Levels:Resistance: 121.24Pivot: 115.71Support: 104.43Preferred Case: Prices are on bearish momentum. We see the potential for a further bearish continuation from our Pivot area at 115.71 in line graphical overlap and 61.8% Fibonacci retracement and 127.2% Fibonacci Extension towards our 1st support at 104. 43 in line with 50% Fibonacci retracement. Alternative Scenario:If prices […]
Powell’s speech yesterday definitely impressed investors as the Fed Chair took the opportunity to communicate a possibility of faster rate hikes which was interpreted as the policy bias of the Fed getting more hawkish. Markets were quick to price in 50 bp hike on May as a baseline scenario, the odds of the outcome rose […]