Category: Technial Analysis

BAE Systems Rallying One of the big market themes we are seeing as a result of the conflict in Ukraine is a surge in stock prices of weapons manufacturers and armourers. With Ukraine heavily buying arms and NATO countries supporting the effort alongside their own purchases, defence stocks have ballooned in recent days. Looking ahead, […]

BOC Up NextThe Bankof Canada is the next G10 central bank to take centre stage. The BOC will meetlater today for its March rates decision and the market is broadly expectingthe bank to deliver a further increase. Traders are anticipating a further .25%rate hike from the bank in line with the sort of pattern seen […]

In the last couple of days, the BTC leaped up almost 20%. On Wednesday, the major cryptocurrency is trading at $44,040, while yesterday it cost almost $45,000D. The BTC capitalisation recovered at $824 billion. What has happened? It seems like investors concerned with what is happening in geopolitics rushed into the crypto sector. The negative […]

EURJPY, “Euro vs Japanese Yen” EURJPY is trading at 127.79; 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 128.75 and then resume moving downwards to reach 125.25. Another signal in favour of a further downtrend will be a […]

The echo of the Ukraine conflict and its sanction repercussions are heard more and more loudly in the global asset markets. As Russian trade ties with European countries are much stronger than, for example, with the United States, European assets and currencies are first on the line to feel the blow. On Wednesday, we saw […]

TheBOC interest rate decision today comes at a time when CAD is already on themarch due to higher oil prices. With the market expecting the BOC to lift ratesby a further .25%, along with signalling further rate hikes to come, CAD lookswell poised to advance further over the rest of the week. Aside from the […]

• WTI broke resistance zone• Likely to rise to resistance level 110.00 WTI crude oil recently broke the resistance zone lying between the powerful round resistance level 100.00 and the resistance trendline of of the daily up channel from the middle of December. The breakout of this resistance zone accelerated the active short-term impulse wave […]

• USDCAD reversed from key resistnace level 1.2800• Likely to fall to support level 1.2645 USDCAD currency pair recently reversed down from the key resistance level 1.2800 (which has been reversing the pair from the start of January). The resistance zone near the resistance level 1.2800 was strengthened by the upper daily Bollinger Band and […]

EURUSD plummeted and this decline may not be over.   The major currency pair plunged over the last 24 hours. The current quote for the instrument is 1.1087. The EURUSD weakness is directly connected with the global risk aversion due to commodity and humanitarian crises. The “greenback” acts as a “safe haven” asset, which investors […]

AUDUSD is keeping its positive momentum, although the sentiment is changing.  The Australian Dollar is rising against the USD on Wednesday. The current quote for the instrument is 0.7251. The rising wave in AUD formed earlier slowed down last night due to the increased demand for “safe haven” assets. At the moment, the markets are […]