Category: Technial Analysis
Ukraine Holding Off Russian AttackIn terms of the market’s main geo-political focus right now, the Russian invasion of Ukraine, we have seen plenty of developments over the weekend which are influencing price action on Monday. The bottom line is that the Ukrainian military is so far holding off against the Russian invasion with the capital […]
Busy Start For MetalsIt’s been a volatile start for metals traders as markets digest the developments over the weekend. With the Russian invasion of Ukraine yet to mark any significant progress and with Western sanctions against Russia building, there is a very tentative hope that peace talks between Russia and Ukraine might yield a ceasefire.The […]
EURUSD, “Euro vs US Dollar” In the H4 chart, EURUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test the support at 2/8, break it, and then continue falling to reach 1/8. Still, this scenario may no longer be valid if the […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support level, USDCAD is reversing and may form a new ascending impulse. In this case, after a slight correction, the upside target may be the resistance area at 1.2865. However, an alternative […]
Gas prices rose more than 35% today, Monday, despite the Russian company Gazprom’s confirmation that it will continue to supply gas to its customers in Europe through Ukraine. The surge in prices comes in conjunction with the Russian-Ukrainian war entering its fifth day, amid fears of supply disruptions due to the escalation of Western sanctions […]
Gold prices rose today, Monday, at the beginning of the week’s trading, by about 25 dollars, to rise to the record level of 1914 dollars, after fears increased, after Russian President Vladimir Putin put the Russian nuclear deterrent on high alert. Palladium jumped about 6% as new Western sanctions against Russia increased and concerns over […]
As geopolitical tensions increased sharply on Monday, policy tightening cycles of central banks and inflation challenges have been pushed deeper on the sidelines. The focus remains entirely on military operations in Ukraine, as well as the sanctions war between the West and Russia. The third package of EU sanctions, including financial, transport, technological, export and […]
GBPCAD Turning LowerThe short idea issued last week in GBPCAD has now hit its first target at 1.7041. The decline from the double top level has seen the market breaking down through the bull channel support with price now testing the 1.7041 level. With the retail market heavily long the pair and with both MACD […]
BRENT Brent is trading at 102.30; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 98.55 and then resume moving upwards to reach 108.45. Another signal in favour of a further uptrend will be a rebound from the […]
EURUSD, “Euro vs US Dollar” After completing the correctional wave at 1.1270, EURUSD is forming a new descending impulse to reach 1.1060. Later, the market may resume trading upwards with the target at 1.1290. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the correction at 1.3440, GBPUSD is falling towards 1.3260. After that, the […]