Category: Technial Analysis
Type: Bullish ContinuationKey Levels:Resistance: 24.820Pivot: 24.335Support: 24.150Preferred Case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.335 in line 50% Fibonacci retracement towards our 1st resistance at 24.820 in line with 50% Fibonacci Retracement . Our bullish bias is further […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, having completed the correction at 1.1494, EURUSD is falling; it has already formed the descending structure with the short-term target at 1.1106 along with another correction to reach 1.1270. Possibly, the pair may rebound from this level and start a new decline […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1203; 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 1.1230 and then resume moving downwards to reach 1.0995. Another signal in favour of a further downtrend will be a […]
Oil prices extended their gains to more than 5% during trading on Tuesday, with Brent crude rising above $104, as fears of a possible supply disruption with the Russian invasion of Ukraine overshadowed talk of a coordinated global release of crude stocks to calm markets. Oil prices ended their trading, yesterday, with a rise of […]
Risk Sentiment Rebounds But For How Long?Equities markets appear to be fighting back this week as most indexes have made a move off the lows recorded late last week. The ongoing uncertainty around the Russian invasion of Ukraine means that traders are very much susceptible to two-way risks. With Ukraine so far managing to hold […]
Type: Bearish ReversalKey levels:Resistance: 34996Pivot: 34213Support: 33286Preferred Case:Price near pivot level of 34213 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially dip to the 1st support level of 33286 in line with 38.2% Fibonacci retracement. Our bearish bias is supported by the ichimoku cloud indicator. Alternative Scenario: Alternatively, price may […]
EURUSD continues recovering after plummeting earlier. The major currency pair is recovering. The current quote for the instrument is 1.1175. The local improvement of the EUR rate is looking rather logical; however, there are chances that the rate might resume falling in the nearest future amid active demand for “safe haven” assets, such as […]
AUDUSD is growing after the RBA kept its monetary policy intact. The Australian Dollar is quickly rising against the USD on Tuesday. The current quote for the instrument is 0.7264. The way the March meeting of the Reserve Bank of Australia went was quite predictable. The benchmark interest rate remained unchanged at 0.10%, just as […]
AUD in DemandThe Australian Dollar has been higher today on the back of the RBA’s March meeting, held overnight. While the bank held off from tightening its monetary policy, expectations remain broadly hawkish with several regional banks having recently lifted their growth forecasts for Australia. The RBA itself, lifted its inflation target, citing the war […]
ETH Bouncing BackPrice action in Ethereum is looking particularly interesting now following the developments we’ve seen over recent weeks. The decline towards the 2422 level support was accompanied by clear, bullish divergence in momentum studies and found strong demand at a test of the level. With price now turning higher from that region we are […]