Category: Technial Analysis
• USDJPY broke resistance level 116.30 • Likely to rise to resistance level 119.00 USDJPY continues to rise strongly after the earlier breakout of the key resistance level 116.30 (previous monthly high from January and February). The breakout of the resistance level 116.30 accelerated the active impulse waves (iii), 3 and (3). Given the clear […]
We would like to give you some good news about activity in the crypto market, but the BTC remains in a range, traders are quite inactive, and no new ideas are on the horizon. The situation is likely to be lame until Wednesday night when an extremely important meeting of the US Federal Reserve system […]
GBPUSD continues falling and updating its local lows. The British Pound is getting weaker against the USD on Monday. The current quote for the instrument is 1.3051. What is happening? First of all, GBPUSD is under significant pressure that comes from the “greenback, which is in demand as a “safe haven” asset during turbulent periods. […]
Type: Bullish ContinuationKey Levels:Resistance: 797’4 Pivot: 763’2Support: 778’2Preferred Case:With price expected to reverse off the stochastics indicator, we are bias that price will drop to our 1st support of 728’4 in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci retracement area from our pivot of 763’2 in line with the horizontal swing high resistance […]
Metals Market Corrects As Risk Sentiment ImprovesThe metals market has started the week on softer footing as risk sentiment rebounds amidst very cautious optimism over a potential truce between Ukraine and Russia. Following further peace talks, both sides have indicated hopes for a resolution over the coming week. While it is not yet known if […]
Нефтедобывающие компании США не могут быстро заполнить дефицит на рынке восстановив производство до уровня, предшествовавшего пандемии, заявил глава компании Occidental Petroleum Вики Холлуб.Для американских компаний складывается непростая ситуация, так как рынок «кричит» о том, что добычу нужно наращивать, но из-за разрушенных цепочек поставок пандемии быстро восстановиться не получается.Рост добычи возможен пока только в Пермском бассейне. […]
EURUSD, “Euro vs US Dollar” After completing the descending impulse at 1.1000, EURUSD is consolidating around this level. Possibly, the pair may form one more ascending structure to reach 1.1040 and then resume falling to break 1.0960. Later, the market may continue trading downwards with the target at 1.0880. GBPUSD, “Great Britain Pound vs US […]
BRENT In the H4 chart, Brent is trading above the 200-day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 1/8 and then continue moving upwards to reach the resistance at 2/8. However, this scenario may no longer be valid if the asset breaks the support at 0/8 […]
Credit AgricoleAsia overnightEven though oil prices remain in retreat, rising US inflation and the news-flow on the Ukraine crisis kept risk on the back foot. News that several Chinese companies will be forced by the US government to de-list from US bourses added to the negative sentiment of stocks in Mainland China and Hong Kong. […]
Daily Market Outlook, March 11, 2022 Overnight Headlines Goldman Sachs Cuts US Growth As Commodity Prices Bite Biden Set To Call For End Of Russia Preferred Trade Status Yellen Sees Painfully High 2022 Inflation But No Recession US Senate Pass $1.5 Trillion Funding Bill With Ukraine Aid China Covid Figures Top 1,000 For First Time […]