Category: Technial Analysis

Oil PlungesAnother week comes to a close in financial markets and it’s been another week of hoping the violence in Ukraine comes to an end. While, sadly, that doesn’t seem to be the case for now, we have at least had plenty of interesting market moves to be focusing on. Chatting with traders this week, […]

Gold reversed from long-term resistnace level 2075.00• Likely to fall to support level 1900.00 Gold recently reversed down from the powerful long-term resistnace level 2075.00 (which stopped the previous sharp upward trend in the middle of 2020) – standing far above the daily and the weekly Bollinger Bands. The downard reversal from the resistnace level […]

• NZDCAD reversed from resistnace level 0.8750• Likely to fall to support level 0.8650 NZDCAD recently reversed down from the key resistance level 0.8750 (which has been reversing the price from the start of December). The resistance zone near the resistance level 0.8750 was strengthened by the upper daily Bollinger Band and by the 61.8% […]

EURUSD has to fall after the US reported on the Consumer Price Index.  The major currency pair is back to falling. The current quote for the instrument is 1.0976. The risk appetite dropped yesterday after the US reported on inflation in February. The indicator showed 7.9% y/y, the highest reading in 40 years.  What does […]

EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1001; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1045 and then resume moving downwards to reach 1.0725. Another signal in favour of a further downtrend will be […]

Credit AgricoleAsia overnightIt was a positive day for sentiment in Asia as oil and other commodity prices softened on the back of the UAE saying it is in favour of OPEC-plus increasing its production faster, the IEA saying it would release supplies from its reserves and there appearing to be some small progress in negotiations […]

Type: Bearish DipKey Levels:Resistance: 13979Pivot: 13791.25Support: 13110.5Preferred Case:On the H4 chart, price is near pivot level of 13791.25 in line with 50% Fibonacci retracement. Price can potentially dip to the take profit level of 13110.5 in line with 61.8% Fibonacci projection. Our bearish bias is supported by the Ichimoku cloud indicator as price is trading […]

Type: Bullish ContinuationKey Levels:Resistance: 159’26Pivot: 155’19Support: 154’11Preferred Case:Price is near pivot level of 155’19 in line with 50% Fibonacci retracement and can potentially go to the graphical swing high level of 159’26 in line with 100% Fibonacci projection. Our bullish bias is supported by the Ichimoku cloud indicator.Alternative Scenario: Price dip to the support level […]

Type: Bullish ContinuationKey Levels:Resistance: 779’0Pivot: 718’6Support: 705’2Preferred Case:Price near pivot level of 718’6 in line with 50% Fibonacci retracement and 100% Fibonacci projection. Price can potentially go to the resistance level of 779’0 in line with the graphical swing high level. Our bullish bias is supported by the Ichimoku cloud indicator as price is trading […]

• FTSE 100 reversed from resistance area• Likely to fall to support level 7000.00 FTSE 100 index recently reversed down from the resistance area located between the key resistance level 7250.00 (former support from February and January) and the 50% Fibonacci correction of the downward impulse from February . The downward reversal from this resistance […]