Category: Technial Analysis
EURUSD, “Euro vs US Dollar” Having finished the ascending impulse at 1.1040 and then formed a new consolidation range around this level, EURUSD has broken it to the upside to reach 1.1133. Today, the pair may start a new correction to return to 1.1040 and then resume trading upwards with the target at 1.1144. GBPUSD, […]
Type: Bearish ReversalKey Levels:Resistance: 25.140Pivot: 25.055Support: 24.690Preferred Case:Prices have recently bounced off a pivot and are on bearish momentum. We see the potential for further bearish continuation from our Pivot at 25.055 in line with 23.6% Fibonacci retracement and graphical overlap towards our 1st support at 24.690 which is an area of Fibonacci confluences. Our […]
Type: Bearish DropKey Levels:Resistance: 1109’2Pivot: 1070’6Support: 1031’1Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our pivot at 1070’6 which is a graphical overlap and in line with 50% Fibonacci retracement towards our 1st support at 1031’0 in line with 61.8% Fibonacci Projection.Alternative Scenario:Alternatively, […]
Progress in peace talks between Ukraine and the Russian Federation in Istanbul today has become the main driver of recovery moves in risk assets and Forex. One of the key signals of de-escalation was the statement by a representative of the Russian Defense Ministry that “the Russian Ministry of Defense will significantly reduce military activity […]
Type: Bearish ReversalKey Levels:Resistance: 114.35Pivot: 112.05Support: 107.92Preferred Case:Prices are on bearish momentum and abiding by our descending trendline resistance. We see the potential for a further bearish continuation from our Pivot at 104.45 in line graphical overlap, 23.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st support at 94.44 in line with 61.8% Fibonacci […]
After several trading sessions of growth, AUDUSD took a break. The Australian Dollar is consolidating against the USD. The current quote for the instrument is 0.7481. Market players are focused on geopolitical tensions and energy prices growth, that’s why their responses to the statistics are rather restrained. Earlier today, Australia reported on the Retail Sales […]
The uptrend in USDJPY continues, market players are interested in buying. The Japanese Yen is falling against the USD and updating its 7-year lows. The current quote for the instrument is 123.75. Demand for the “greenback” as a “safe haven” asset remains quite high, forcing the Yen to fall. In addition to that, there is […]
USDRUB Reverses Sharply The US Dollar has fallen almost 21% against the Ruble today and is now down around 42% from the all time highs printed earlier this month. The driver behind the reversal in USDRUB appears to be news over the weekend that Russia will now demand all “unfriendly” countries make their oil and […]
GBPJPY Breakout CompleteThe rally in GBPJPY has seen the pair hitting the final target for the breakout trade from 157.88 at 162.59. The rebound in risk assets over recent weeks has fuelled a high level of outflow from JPY. Meanwhile, hawkish BOE expectations continue to keep the Pound supported against JPY. The retail market continues […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is trading at 1.3095; 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 1.3120 and then resume moving downwards to reach 1.2920. Another signal in favour of a further downtrend will […]