Category: Technial Analysis
RBC Back In The GreenRoyal Bank of Canada reported Q4 earnings yesterday and stock-holders were pleased to see that the report bank came in above estimates, following the miss in Q3. RBC reported earnings per share of $2.23, above the $2.15 result the market was looking for. Revenues were also higher than expected at $9.493 […]
• Nikkei 225 reversed from support area • Likely to rise to resistance level 26875.00 Nikkei 225 index recently reversed up from the support area located between the key support level 26000.00 (which stopped the previous impulse wave (i) in January) and the lower daily Bollinger Band. The upward reversal from this support area created […]
EURUSD got much weaker but keeps on trying to rebound. The major currency pair is taking a shot at rising. The current quote for the instrument is 1.1184. Investors are still interested in the “greenback” as a “safe haven” asset. The second estimate of the US GDP for the fourth quarter of 2021 showed 7.0% […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1204; 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 1.1285 and then resume moving downwards to reach 1.1005. Another signal in favour of a further downtrend will be a […]
Type: Bullish BounceKey Levels:Resistance: : 1.24704Pivot: 1.23906Support: 1.23552Preferred Case:Prices are currently at our pivot at 1.23906 in line with daily ascending trendline, 100% Fibonacci extension and 61.8% Fibonacci retracement. We see the potential for a bounce from our Pivot towards our 1st resistance at 1.24704 in line with 38.2% Fibonacci Retracement. Our bullish bias is […]
Type: Bullish BounceKey Levels:Resistance: 0.72469Pivot: 0.71675Support: 0.70948Preferred Case:On the H4 timeframe, price is moving within the ascending channel signifying an uptrend. We see potential for a bounce from our pivot at 0.71675 in line with 61.8% Fibonacci retracement towards 1st resistance at 0.72469 in line with swing high resistance. Prices are trading above our Ichimoku […]
• Apple reversed from support area • Likely to rise to resistance level 165.00 Apple recently reversed up from the support area located between the key support level 155.00 (former low of wave A from Janaury), standing well below the lower daily Bollinger Band. This support area was further strengthened by the 61.8% Fibonacci correction […]
• AUDNZD reversed from support area • Likely to rise to resistance level 1.0750 AUDNZD currency pair recently reversed up from the support area located between the pivotal support level 1.0670 (which has been reversing the price from January) and the lower daily Bollinger Band. This support area was further strengthened by the 50% Fibonacci […]
Type: Bullish ContinuationKey Levels:Resistance:Pivot:Support:Preferred Case:Prices have been on bullish momentum. We see the potential for further bullish consolidation from our Pivot at 91.06 in line with 50% Fibonacci retracement towards our 1st resistance at 101.2 in line with 200% Fibonacci Projection and 200% Fibonacci expansion . Our bullish bias is further supported prices trading above […]
Daily Market Outlook, February 24, 2022 Overnight Headlines Russia Attacks Targets Across Ukraine After Putin Orders Strikes NATO: Very Much Looks Like Russian Invasion Of Ukraine Has Begun BoJ Won’t Roll Back Stimulus Soon But Watching Rising Costs Australia Business Investment Bounces In Q4, Outlook Upgraded Fed’s Daly: Need At Least Four Rate Hikes This […]