Category: Technial Analysis
EURUSD plunged; the demand for the “safe” USD remains quite high. The major currency pair is forced to consider global market turbulence. The current quote for the instrument is 1.1169. The “greenback” is supported by the increased demand for “safe haven” assets among risk aversion on global financial markets due to geopolitical tension escalation. […]
Moods in the crypto market remain mixed. On the one hand, people are still ready to avoid risks here as soon as things become tough. On the other hand, all the information is already included in the prices. The BTC has got into a flat between 35,000–40,000 USD. On Monday, the BTC is trading at […]
Russian’s special operation in the Donbas, which then spread to the whole of Ukraine, shocked the world community. The wave of risk aversion that began with the collapse of the Russian stock market also affected European and US equities, causing a moderate bearish pullback. Investors reduced their expectations of aggressive actions by central banks. Commodity […]
Gas prices in Europe fell sharply in the course of trading session on Friday. The price of March futures in the European TTF hub in Netherlands plunged by 27% to $1,148 per 1,000 cubic meters on the ICE exchange as fears of Europe’s energy supply outages due to Ukraine conflict receded.Gas prices in Europe soared […]
CitiEuropean OpenGeopolitics dominated trading once again. As markets digested the sanctions on Russia for Ukraine attacks, we saw DXY continue its trend downwards that was initially seen just before the European close. G10 markets were in the green, led by AUD, while EM markets saw INR and ZAR considerably higher as well. SEK was seen […]
Type: Bullish BounceKey Levels:Resistance: 25.564Pivot: 24.289Support: 24.046Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our Pivot at 24.289 in line with 127.2% Fibonacci extension and 50% Fibonacci retracement towards our 1st resistance at 25.564 in line with 100% Fibonacci retracement. Prices […]
Type: Bullish BounceKey Levels:Resistance: 154’10Pivot: 152’09Support: 151’08Preferred Case: Price has recently bounce from pivot level of 152’09 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection . Price can potentially go to resistance level of 154’10 in line with 78.6% Fibonacci retracement . Our bullish bias is supported by the moving average as price […]
Type: Bearish ReversalKey Levels:Resistance:Pivot:Support:Preferred Case:Prices are at a strong resistance level. We see the potential for a dip from our Pivot at 115.303 in line with 23.6% Fibonacci retracement towards our 1st support at 114.537 in line with 78.6% Fibonacci retracement and daily ascending trendline. Prices are transcending through our bearish Ichimoku clouds, further supporting […]
It’s been an incredibly volatile week for markets, as traders react to the sad news of Russia invading Ukraine. We’ve seen big moves across the board given the large wave of risk aversion which has taken risk assets and higher yielding currencies lower and driven support for safe-haven assets such as gold, JPY and the […]
Type: Bullish ContinuationKey Levels:Resistance: 1975.3 Pivot: 1904.1 Support: 1890.5Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1904.9 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci retracement towards our 1st support at 1975.3 in line with 100% Fibonacci Extension […]