Category: Technial Analysis
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support level. At the moment, EURUSD is reversing and may form a new rising impulse. In this case, the upside target may be at 1.1295. However, an alternative scenario implies that […]
Gazprom Shares Fall 40% On The Moscow Stock Exchange The Russian Gazprom share price fell by 40% on the Moscow Stock Exchange, at 01:30 GMT The decline in Gazprom’s stock came after Russian President Vladimir Putin announced that he had ordered the start of a military operation inside Ukrainian territory, despite the international rejection of […]
Gold prices extended their upward trend in Thursday’s trading, to jump $60, with the escalation of geopolitical tensions in Eastern Europe. And Russian President Vladimir Putin’s decision to move troops to Ukraine pushed the prices of the yellow metal to rise by more than 3%, as investors flocked to safe havens. Gold Prices Today The […]
Type: Bearish DipKey Levels:Resistance: 154’10Pivot: 153’15Support: 151’08Preferred Case:Price is near pivot level of 153’15 in line with 38.2% Fibonacci retracement. Price can potentially dip to the take profit level of 151’08 in line with 127.2% Fibonacci projection and 78.6% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator as it is near resistance […]
Type: Bearish ReversalKey Levels:Resistance: 1963.4Pivot: 1943.9Support: 1912.2Preferred Case:Prices have consolidated in a parallel channel . We see the potential for a short pullback from our Pivot at 1943.9 in line with 78.6% Fibonacci extension towards our 1st support at 1912.2 in line with 61.8% Fibonacci Retracement . Our bearish bias is further supported RSI being […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.1295, EURUSD has broken it to the downside. Possibly, today the pair may fall to break 1.1200 and then continue trading downwards with the short-term target at 1.1157. GBPUSD, “Great Britain Pound vs US Dollar” Having reached 1.3540 and formed a new consolidation […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 6/8, break it, and then continue falling to reach the support at 5/8. However, this scenario may be […]
Crude Soars On Russian Invasion NewsCrude prices have surged to their highest level since summer 2014 this week, extending year to date gains just over 30%. Prices have been steadily gaining over the last week despite COT data showing a reduction in long positions, with the recent pull back proving to be a short-lived correction. […]
CitiEuropean OpenRisk-off sentiments initially permeated through markets over headlines that U.S. Secretary of State Blinken believed Russia will invade Ukraine before the night is over. This risk-off sentiment only took a turn for the worse, as Russian President Putin made a surprise speech announcing that he has authorized a special military operation. Subsequently, Bloomberg reported […]
EURUSD is falling while investors are interested in “safe haven” assets. The major currency pair is falling amid global risk aversion. The current quote for the instrument is 1.1243. As the situation in geopolitics escalates, the demand for the “greenback” as a “safe haven” asset among investors is rising. The statistics published yesterday showed that […]