Category: Technial Analysis

CIBCFX FlowsRBA Governor Lowe spoke at the AFR Business Summit, indicated that it is plausible for cash rate to be raised later this year but RBA has the time to wait and see before acting. AUD$ barely moved, traded narrow range. Even slight risk-on sentiment didn’t do much. We think that there are still ongoing […]

Type: Bearish ReversalKey Levels:Resistance: 20.15Pivot: 19.78Support: 19.01Preferred Case:We see the potential for bearish reversal from our Pivot at 18.78 in line 161.8% Fibonacci extension towards our 1st resistance at 20.15 with a graphical swing high. Our bullish bias is further supported by stochastic indicator whereby prices are at resistance level.Alternative Scenario: If prices were to […]

• Dow Jones reversed from support area• Likely to rise to resistance level 34000.00 Dow Jones index recently reversed up from the support zone set between the strong support level 32325.00 (which has been reversing the price from the start of 2021), 61.8% Fibonacci correction of the upward impulse from lasy year and the lower […]

• CHFJPY reversed from support area• Likely to rise to resistance level 125.70 CHFJPY currency pair recently reversed up from the support area located between the key support level 124.00 (which has been reversing the price from the start of February) and the lower daily Bollinger Band. The upward reversal from this support area stopped […]

The BTC is actively rising on Wednesday; it is trading at $41,780 and has added 8% over the last 24 hours. The BTC capitalisation is recovering, it is now $789 billion. So, the risks of dropping to $34,000 are not so high and it’s good news. One should continue monitoring the support area at $33,500. […]

USDJPY is keeping its positive momentum and not going to stop yet.  The Japanese Yen continues “losing weight” against the USD. The current quote for the instrument is 115.82. The revised Japanese GDP in the fourth quarter of 2021 was an unpleasant surprise: the country’s economy added only 4.6% q/q against the preliminary reading of […]

EURJPY Rebounding Quickly EURJPY is seeing a strong rebound this week with price having rallied off the 125.13 lows back up to around 127.03 currently. With no sign of the violence in Ukraine having intensified in the last 48 hours, including reports that the Russian assault has run into difficulties, we are seeing a clear […]

EUR Rebounding On Fiscal HopesWe’re seeing a more buoyant tone in EU markets today as investors react to news that EU leaders are preparing a joint fiscal response in reaction to the soaring energy prices caused by the war in Ukraine. The EU is reportedly weighing up options, including a huge issuance of joint debt […]

Equities Attempting To Rebound Following Heavy LossesWhileequities markets continue to walk the tightrope of news flow stemming from theUkraine crisis, risk sentiment appears to be rebounding somewhat over theEuropean open on Tuesday. Following heavy sales over last week, most indices areseeing better demand this week as traders buy into these current lows.Thekey driver, of course, […]

Type: Bullish BounceKey Levels:Resistance: 19.47Pivot: 18.97Support: 18.61Preferred Case:We see the potential for bullish bounce from our Pivot at 18.97 in line 38.20% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 19.47 in line with 127.20% Fibonacci extension. Our bullish bias is further supported by prices trading above Ichimoku cloud indicatorAlternative Scenario: If […]