Category: Technial Analysis
AUDUSD continues recovering supported by the statistics. The Australian Dollar is steadily rising against the USD on Thursday. The current quote for the instrument is 0.7322. Earlier today, Australia released several reports on its labour market. The data turned out to be quite positive and provided the Aussie with great support. The Unemployment Rate in […]
EURUSD is back to rising after the US Fed’s restrained decision. The major currency pair resumed growing. The current quote for the instrument is 1.1033. It’s been the fifth consecutive trading session within the uptrend. So, the key highlight of this week has been finally over: the US Federal Reserve System had the meeting and […]
Type: Bullish BounceKey Levels: Resistance: 1686’0Pivot: 1667’2Support: 1658’4Preferred Case:With price expected to bounce off the RSI indicator, we have a bullish bias that price will rise to our 1st resistance at 1686’0 in line with the horizontal swing high resistance and 50% and 78.6% Fibonacci retracement from our pivot at 1667’2 in line with the […]
Type: Bullish BounceKey Levels:Resistance: 220.75Pivot: 211.10Support: 204.70Preferred Case:Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support level.Alternative Scenario: Price could also head […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is approaching the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks the resistance at 8/8 […]
Markets are expecting a 25bp rate hike from the Fed today and indications in Dot Plot for an additional rate increase of 90-100 bp this year. Forecasts of a higher terminal rate this year should be a positive surprise for the dollar. The degree of concern about the conflict in Ukraine and its economic implications […]
Coca Cola Higher Pre-MarketShares in beverage giant Coca Cola (KO) are trading higher ahead of the open today as the company’s stock continues to rebound following the 9% decline from YTD highs. Coca Cola shares had been under pressure over its initial refusal to join the tides of global companies suspending operations in Russia out […]
EURUSD, “Euro vs US Dollar” EURUSD is consolidating around 1.0970. Possibly, today the pair may expand the range up to 1.0997 and then fall towards 1.0940. If later the price breaks this range to the downside, the market may form a new descending structure to reach 1.0880; if to the upside – resume trading upwards […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer pattern not far from the support level. At the moment, the asset is reversing in the form a new ascending impulse. In this case, the upside target may be the resistance area at 1975.50. At the same […]
Type: Bullish BounceKey Levels:Resistance: 2593Pivot: 2496Support: 2449Preferred Case:Price is abiding by the ascending trendline. We see the potential for bullish bounce from our Pivot level at 2661 in line 61.8% Fibonacci projection towards our 1st Resistance at 2593 in line with 50% Fibonacci retracement. Our bullish bias is further supported by RSI indicator showing price […]