Category: Technial Analysis

Type: Bearish DropKey Levels:Resistance: 1728’4Pivot: 1691’6Support: 1637’4Preferred Case:With price expected to reverse off the Ichimoku cloud 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 61.8% Fibonacci projection from our pivot at 1691’6 in line with the 50% […]

• Nikkei 225 reversed from support level 25000.00• Likely to rise to resistance level 28000.00 Nikkei 225 index recently reversed up with the weekly Hammer from the key support level 25000.00 intersecting with the lower weekly Bollinger Band. The upward reversal from the support level 25000.00 stopped the previous weekly impulse waves 3 and (C). […]

• CADCHF reversed from resistance level 0.7420• Likely to fall to support level 0.7350 CADCHF recently reversed down from the pivotal resistance level 0.7420 (previous monthly high from November), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 0.7420 stopped the previous impulse waves (iii), (c). CADCHF can be expected […]

The BTC is falling on Friday. It improved quite well earlier to pass $40,000 but couldn’t reach $42,000. At the moment, the BTC is retreatingб following in the footsteps of other risky assets. As usual, one can say that the BTC rate is closely correlated with American stock indices. When financial markets recover, the major […]

EURUSD is consolidating on Friday after a 5-day rising streak. The major currency pair stopped rising late in the week. The current quote for the instrument is 1.1066. Apart from fundamental factors, A quick rise in EURUSD was based on predictions about neutralisation of geopolitical tensions. At the same time, the “greenback” remained under pressure […]

BOE Hikes As ExpectedThe Bank of England pressed ahead with its third-rate hike in just four months yesterday. Governor Andrew Bailey announced a .25% hike, well in line with market expectations, citing the need to combat soaring inflation. While there are concerns about the further pressure this will put on consumers and UK households, The […]

Kiwi Catches AirThe weather here in London has been heating up this week, finally, and it seems so too has market action. We’ve seen a further slew of interesting developments this week in terms of key market moves. Broadly speaking, the rebound in risk sentiment has created many interesting opportunities across the week and also […]

BOE Up NextThe Bank of England March rates meeting will be the main economic focus today. The bank is widely expected to raise rates by a further .25% in a bid to curtail soaring inflation. However, the current UK rates market pricing reflects a 60% probability of a .5% hike which, if delivered, would push […]

Type: Bearish ReversalKey Levels:Resistance: 1162’6Pivot: 1125’4Support: 1039’0Preferred Case:Prices are on bearish momentum and abiding by our descending trendline. We see the potential for a further bearish continuation from our Pivot at 1125’4 in line descending trendline towards our 1st support at 1039’0 in line with 61.8% Fibonacci projection. Our bearish bias is further supported by […]

• EURJPY broke key resistnace level 130.00• Likely to rise to resistnace level 132.00 EURJPY recently broke the key resistnace level 130.00, intersecting with the 61.8% Fibonacci correction of the downward impulse from February . The breakout of the resistnace level 130.00 accelerated the active short-term correciton (ii). EURJPY can be expected to rise further […]