Category: Technial Analysis

Daily Market Outlook, March 4, 2022 Overnight Headlines Ukraine Blames Russia For Attack On Europe’s Largest Nuclear Power Plant Ukrainian, Russian Negotiators Say Third Round Of Talks Will Be Held Shortly Ukraine Says Talks With Russia Agreed On Humanitarian Corridors Putin Says Russian Military Advance In Ukraine ‘Going To Plan’ China Likely To Set Lowest […]

KER Holding OnShares in Kernel, the Ukrainian firm which is the largest global exporter of sunflower oil, are attempting to bounce back this week. As news of the Russian invasion broke last week, the company’s stock price went into free fall, collapsing more than 20% from the high $47s to lows around $25. With massive […]

BOC Highlights Upside RisksThe Bank of Canada kicked off its tightening cycle as expected yesterday. BOC governor Macklem announced a .25% hike and signalled further hikes to come across the year. The statement issued alongside the rates move noted that “Price increases have become more pervasive, and measures of core inflation have all risen. All […]

• Natural gas reversed from resistance level 5.000• Likely to fall to support level 4.40 Natural gas recently reversed down from the key resistance level 5.000 (which has been reversing the pair from the end of January). The resistance zone near the resistance level 5.000 was strengthened by the upper daily Bollinger Band and by […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD is reversing and may form a new ascending impulse. In this case, the upside target may be the resistance area at 1.2700. However, an alternative scenario implies that the […]

European Forex news roundup: The euro continues to struggle in mixed trading. The atmosphere is tepid and uneven today, as the Russia-Ukraine conflict clouds continue to hang over markets. The upbeat tone from yesterday has faded, but there are no indications of larger concerns in the action thus far. European indices are mainly down, with […]

Oil prices hit a new high today – $116.50/bbl for WTI and $119.70/bbl for Brent. The last time the market saw such prices was in October 2008. The Ukrainian conflict is increasingly affecting oil exports from Russia, but surprisingly, this is not a result of sanctions targeting oil production or exports. Refineries reduced demand for […]

Type: Bullish continuationKey Levels:Resistance: 19.46Pivot: 18.78Support: 18.30Preferred Case:Prices are on bullish momentum. Prices might potentially move from pivot level of 18.78 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement towards the 1st resistance level at 19.46 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is further supported by […]

• CADCHF reversed from resistance level 0.7300• Likely to fall to support level 0.7250. CADCHF currency pair recently reversed down from the pivotal resistance level 0.7300 (which has been reversing the pair from the start of February). The resistance zone near the resistance level 0.7300 was strengthened by the upper daily Bollinger Band and by […]

• USDCAD reversed from support level 1.260• Likely to rise to resistance level 1.2800 USDCAD currency pair recently reversed up from the key support level 1.260 (which has been reversing the pair from the end of January). The upward reversal from the support level 1.260 stopped the previous intermediate ABC correction 2. Given the prevailing […]