Category: Technial Analysis

Credit AgricoleAsia overnightThe sustained dip in oil prices along with a bounce in Chinese technology stocks perked up sentiment in Asia. Investors remain wary of regulatory crackdowns from the Chinese or US governments (the latter on China-Russia ties) and cautious ahead of the FOMC decision later today. At the time of writing, most Asian bourses […]

This morning, the BTC was aiming at $42,000 but the bulls didn’t turn out to be strong enough. Wednesday is highly unlikely to be very volatile until the US Fed announces its rate and monetary policy decisions. It is set to happen at 18:00 GMT, and Fed Chairman’s press conference will start at 18:30 GMT. […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7222; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7255 and then resume moving downwards to reach 0.7005. Another signal in favour of a further downtrend will be […]

Type: Bullish ContinuationKey Levels:Resistance: 4.940Pivot: : 4.497Support: 3.361Preferred Case:We see the potential for a further bullish continuation from our Pivot at 4.497 in line graphical swing low and ascending trendline towards our 1st resistance at 4.940 in line with 61.8% Fibonacci projection. Our bearish bias is further supported RSI being at levels where bounces previously […]

Unemployment Falls AgainThe British Pound is trading higher today on the back of a solid set of labour market indicators yesterday. The headline unemployment rate was seen falling back to 3.9%, its lowest level since the pandemic began. Marking an improvement on the prior quarter’s 4.1% reading and beating estimates for a 4% result, unemployment […]

• Gold broke key support level 1950.00• Likely to fall to support level 1880.00 Gold recently broke the key support level 1950.00, intersecting with the 38.2% Fibonacci correction of the upward impulse from January. The breakout of the support level 1950.00 coincided with the breakout of the support trendline of the daily up channel from […]

• AUDCHF reversed from support level 0.6730• Likely to rise to 0.6860 AUDCHF currency pair recently reversed up from the key support level 0.6730 (which has been reversing the pair from the start of this month). The support zone near the support level 0.6730 was strengthened by the 38.2% Fibonacci correction of the upward impulse […]

USDJPY passed the highs of December 2016 and intends to continue the rally. The Japanese Yen plummeted against the USD and may get even weaker. The current quote for the instrument is 118.28. The last times the Yen was so low was in December 2015 and 2016, when the asset reached 123.00. Intriguingly, the Japanese […]

EURUSD is consolidating and waiting for the March meeting of the US Fed to be over.  The major currency pair slowed down its growth and is currently waiting for news. The latest quote for the instrument is 1.0997. The two-day meeting of the US Fed is scheduled to be over later today. It’s hard to […]

All Eyes On The FedThe US Dollar is trading a little softer ahead of the March FOMC decision later today. However, with the Dollar index sitting just off highs, traders are braced for a USD breakout if the Fed delivers on hawkish signals ahead of the meeting. The market is widely expecting the bank to […]