Category: Technial Analysis

EURUSD, “Euro vs US Dollar” EURUSD is still forming the descending structure towards 1.1053. After that, the instrument may start another correction to reach 1.1092 and then resume trading downwards with the target at 1.1015. GBPUSD, “Great Britain Pound vs US Dollar” After completing the correctional wave at 1.3174, GBPUSD is forming a new descending […]

BRENT In the H4 chart, after breaking the 200-day Moving Average, Brent is trading below it to indicate a descending tendency. In this case, the price is expected to continue moving downwards to reach the support at 0/8. However, this scenario may no longer be valid if the asset breaks the resistance at 2/8 to […]

Type: Bullish BounceKey Levels:Resistance: 1965.9Pivot: 1933.7Support: 1921.3Preferred Case:Prices are approaching a pivot. We see the potential for a bounce from our Pivot at 1933.7 in line with 61.8% Fibonacci Retracement towards our 1st resistance at 1965.9 in line with 127.2% Fibonacci Projection . Our bullish bias is further supported prices trading above our Ichimoku clouds […]

Type: Bullish BounceKey Levels:Resistance: 108.74 Pivot: 100.05 Support: 94.45Preferred Case:Prices are consolidating in a triangular pattern. We see the potential for a bounce from our pivot at 100.05 which is a graphical overlap and in line with an area of Fibonacci confluences towards our 1st resistance at 108.74 in line with 50% Fibonacci retracement .Alternative […]

• Cisco reversed from key resistance level 56.70• Likely to fall to support level 53.60 Cisco recently reversed down with the two daily Shooting Stars from the key resistance level 56.70 (upper border of the sideways price range from January). The resistance area near the resistance level 56.70 was strengthened by the upper daily Bollinger […]

• Nasdaq-100 reversed from resistance level 15200.00• Likely to fall to support level 14400.00 Nasdaq-100 index recently reversed down from the pivotal resistance level 15200.00 (which has been reversing the price from January). The resistance area near the resistance level 15200.00 created the daily Evening Star – which stopped the previous wave (1). Nasdaq-100 can […]

AUDNZD, “Australian Dollar vs New Zealand Dollar” AUDNZD is rebounding from Tenkan-Sen and Kijun-Sen at 1.0806; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0795 and then resume moving upwards to reach 1.0940. Another signal in favour […]

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 a new ascending impulse. In this case, the upside target may be the resistance level at 1970.00. At the same […]

Venezuela’s March oil exports slip amid struggles with returned cargoes Venezuelan petroleum exports fell about 4% in March compared to the previous month as the country’s state-run oil company dealt with crude cargoes returned by customers due to poor oil quality, according to documents and vessel monitoring data. A high-level meeting between US and Venezuelan […]

German government bond yields rose on Friday, following their biggest monthly jump in years in March, on expectations of rising inflation and tightening monetary policy. Some analysts believe Germany’s 10-year yield will remain near current levels in the short term, as the economic risks posed by the Ukraine conflict will outweigh the central bank’s commitment […]