Category: Technial Analysis

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 […]

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 […]