Category: Technial Analysis

USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to test 7/8, break it, and then continue growing to reach the resistance at 8/8. However, this scenario may be cancelled if the price […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support level, USDCAD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.2780. However, an alternative scenario implies that the asset may […]

Oil prices extended their gains to more than 7% during Thursday’s trading, with US crude breaking the $102 per barrel barrier, amid fears of a supply shortage. Crude’s performance follows warnings from the International Energy Agency that markets could lose 3 million barrels per day of Russian oil and refined products starting in April. The […]

European Forex news roundup: Dollar weakens, pound rises alongside BOE The market had some mixed tones in the session as we continue to digest the post-Fed sentiment, while Russia-Ukraine talks are also ongoing. The dollar has yet to really take off, as it has seen a slight retreat across the board, with EUR/USD rising from […]

The Fed raised interest rate by 25 bp, but made it clear that the policymakers are not going to stop and will deliver additional six more rate hikes this year. In addition, the Fed raised the level of terminal rate, at which the tightening cycle will end – up to 2.8%. Geopolitical tensions are creating […]

Fed Delivers The GoodsThe Fed went ahead with the well-expected .25% hike at its March meeting yesterday. Along with raising rates, which were voted for 8-1, the Fed also upgraded its dot-plot forecasts and economic projections. The Fed now forecasts 7 hikes over the year, up from just three in December, in line with the […]

• Silver reversed from support level 24.50• Likely to rise to resistance level 20.50 Silver recently reversed up twice from the key support level 24.50 (previous monthly high from January), strengthened by the 50% Fibonacci correction of the upward impulse from February . The upward reversals from this support level 24.50 created the two daily […]

• Platinum reversed from support zone• Likely to rise to resistance level 1040. Platinum recently reversed up from the support zone located between the support levels 1000.00 and 990.00 (which have been reversing the price from November), strengthened by the 50% Fibonacci correction of the upward impulse from February . The upward reversal from this […]

EURUSD, “Euro vs US Dollar” After rebounding from 1.0927, EURUSD continues growing towards 1.1145. Later, the market may form a new descending structure to reach 1.1034 and then resume trading upwards with the target at 1.1177. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the ascending wave at 1.3141, GBPUSD has formed a new […]

EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1030; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1005 and then resume moving upwards to reach 1.1250. Another signal in favour of a further uptrend will be […]