Category: Technial Analysis

The BTC is falling on Friday. It improved quite well earlier to pass $40,000 but couldn’t reach $42,000. At the moment, the BTC is retreatingб following in the footsteps of other risky assets. As usual, one can say that the BTC rate is closely correlated with American stock indices. When financial markets recover, the major […]

EURUSD is consolidating on Friday after a 5-day rising streak. The major currency pair stopped rising late in the week. The current quote for the instrument is 1.1066. Apart from fundamental factors, A quick rise in EURUSD was based on predictions about neutralisation of geopolitical tensions. At the same time, the “greenback” remained under pressure […]

BOE Hikes As ExpectedThe Bank of England pressed ahead with its third-rate hike in just four months yesterday. Governor Andrew Bailey announced a .25% hike, well in line with market expectations, citing the need to combat soaring inflation. While there are concerns about the further pressure this will put on consumers and UK households, The […]

Kiwi Catches AirThe weather here in London has been heating up this week, finally, and it seems so too has market action. We’ve seen a further slew of interesting developments this week in terms of key market moves. Broadly speaking, the rebound in risk sentiment has created many interesting opportunities across the week and also […]

BOE Up NextThe Bank of England March rates meeting will be the main economic focus today. The bank is widely expected to raise rates by a further .25% in a bid to curtail soaring inflation. However, the current UK rates market pricing reflects a 60% probability of a .5% hike which, if delivered, would push […]

Type: Bearish ReversalKey Levels:Resistance: 1162’6Pivot: 1125’4Support: 1039’0Preferred Case:Prices are on bearish momentum and abiding by our descending trendline. We see the potential for a further bearish continuation from our Pivot at 1125’4 in line descending trendline towards our 1st support at 1039’0 in line with 61.8% Fibonacci projection. Our bearish bias is further supported by […]

• EURJPY broke key resistnace level 130.00• Likely to rise to resistnace level 132.00 EURJPY recently broke the key resistnace level 130.00, intersecting with the 61.8% Fibonacci correction of the downward impulse from February . The breakout of the resistnace level 130.00 accelerated the active short-term correciton (ii). EURJPY can be expected to rise further […]

USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to test 7/8, break it, and then continue growing to reach the resistance at 8/8. However, this scenario may be cancelled if the price […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support level, USDCAD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.2780. However, an alternative scenario implies that the asset may […]

Oil prices extended their gains to more than 7% during Thursday’s trading, with US crude breaking the $102 per barrel barrier, amid fears of a supply shortage. Crude’s performance follows warnings from the International Energy Agency that markets could lose 3 million barrels per day of Russian oil and refined products starting in April. The […]