Category: Technial Analysis
EURUSD remains under pressure amid high demand for “safe haven” assets. The major currency pair remains weak. The current quote for the instrument is 1.1103. As it usually happens early in the month, the economic calendar is very eventful and offers a lot of data. For example, the CPI in the Euro Area showed […]
EURUSD, “Euro vs US Dollar” After rebounding from 1.1142, EURUSD continues forming the descending wave towards 1.1044. Later, the market may correct to reach 1.1144 and then resume trading downwards with the target at 1.1010. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around 1.3354. Possibly, today the pair may grow towards 1.3410 […]
Having tested the new historical maximums at the level of about 122.00, the USD/RUB pair has pulled back and is currently approaching the broken psychological level of 100.00. This level should provide the required support. The pullback to the level of 100.00 has happened due to take profits and emergency measures taken by Russia’s central […]
Type: Bullish ContinuationKey Levels: Resistance: 5.175Pivot: 4.425Support: 4.219Preferred 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 4.425 in line 100% Fibonacci extension and 38.2% Fibonacci retracement towards our 1st resistance at 5.175 in line with 127.2% Fibonacci extension. Our […]
EURUSD, “Euro vs US Dollar” EURUSD continues forming the descending wave towards 1.1075. Later, the market may correct to reach 1.1160 and then resume trading downwards with the target at 1.1050. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still falling towards 1.3282. After that, the instrument may start a new correction to reach […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hanging Man pattern not far from the resistance level. At the moment, the asset is reversing in the form a new descending impulse. In this case, the downside correctional target may be the support area at 1915.00. At […]
Oil prices reduced their gains to 4% during trading today, Wednesday, with Brent crude trading below 110 dollars, with the release of the US inventories report and the decision of the OPEC + alliance. And oil prices jumped more than 8%, and Brent crude exceeded $113 during trading, as fears escalated of supply disruptions due […]
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 […]