Category: Technial Analysis
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 […]
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 […]