Category: Technial Analysis
The cryptocurrency expectedly responded to the US stock market decline. Yesterday, American policymakers spoke and said that the US Fed’s portfolio would be cut much faster than in the past, as well as announced a possibility of a 50-point rate hike during its meeting on 3-4 May. This news made investors sell assets and indices […]
EURUSD, “Euro vs US Dollar” EURUSD continues forming the descending wave and may soon reach at 1.0860. After that, the instrument may correct towards 1.0945 and then start another decline with the target at 1.0806. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at 1.3079, GBPUSD is forming a new consolidation […]
Type: Bullish RiseKey Levels:Resistance: 73.42Pivot: 72.11Support: 70.81Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 73.42 in line with the overlap resistance and 61.8% Fibonacci retracement from our pivot of 72.11 in line with the 23.6% Fibonacci retracement and […]
Type: Bullish RiseKey Levels:Resistance: 767’0Pivot: 750’2Support: 741’0Preferred Case:With price moving above the Ichimoku cloud along with the recent trendline breakout, we have a bullish bias that price will rise to our 1st resistance in line with the 767’0 in line with he swing high resistance from our pivot of 750’2 in line with the 23.6% […]
EURGBP, “Euro vs Great Britain Pound” EURGBP is rebounding from the support area at 0.8334; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.8415 and then resume moving downwards to reach 0.8205. Another signal in favour of […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer pattern not far from the support area. At the moment, the asset is reversing in the form of a further uptrend. In this case, the upside target may be the resistance level at 1970.00. At the same […]
Type: Bearish DipKey Levels:Resistance: 1075’6Pivot: 1036’6Support: 982’0Preferred Case:Prices have approached our Pivot at 1036’6 in line with 61.8% Fibonacci Retracement. We see the potential for a dip from our Pivot at 1036’6 towards our 1st support at 982’0 in line with 61.8% Fibonacci Projection. Prices are trading below our Ichimoku cloud resistance, further supporting our […]
Type: Bearish DropKey Levels:Resistance: 1643’2|Pivot: 1623’2Support: 1579’6Preferred Case:With price moving below the Ichimoku cloud and expected to reverse off the stochastics indicator, we see a potential bearish dip from our Pivot at 1623’2 in line 38.2% Fibonacci retracement towards our 1st support at 1579’6 in line with the horizontal swing low support and 161.8% Fibonacci […]
Type: Bearish DipKey Levels:Resistance: 25.005Pivot: 24.665Support: 24.050Preferred Case:Prices are approaching a pivot. We see the potential for a dip from our Pivot at 24.665 in line with 50% Fibonacci Retracement towards our 1st support at 24.050 in line with 61.8% Fibonacci Projection . Our bearish bias is further supported by prices trading below our Ichimoku […]
Risk Assets Lacking Bullish Momentum Following Russian Atrocities NewsA quiet but mostly positive start to the week for global equities markets. Risk assets remain supported despite fears of harsher sanctions to be applied to Russia in the wake of news of the Bucha atrocities. Reports over the weekend confirmed mass civilian murders carried out by […]