Category: Technial Analysis
Type: Bullish ContinuationKey Levels:Resistance: 1942.4Pivot: 1890.8Support: 1879.9Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1890.8 in line 100% Fibonacci retracement towards our 1st resistance at 1942.4 in line with 61.8% Fibonacci Retracement . Our bullish bias is further supported […]
Credit AgricoleAsia overnight A lack of fresh news on the Russia-Ukraine front, as well as better-than-expected China PMI data, led to modest risk-on trading in the Asian session. Most Asian bourses were trading higher and S&P 500 futures slightly in the red at the time of writing. G10 FX traded in tight ranges during the […]
EURUSD, “Euro vs US Dollar” After completing another descending wave at 1.1140 along with the correction towards 1.1245, EURUSD is expected to form one more descending structure to return to 1.1140. Later, the market may break the latter level and continue trading downwards with the short-term target at 1.1040. GBPUSD, “Great Britain Pound vs US […]
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 1.1280. However, an alternative scenario implies that […]
Type: Bullish ContinuationKey Levels:Resistance: 100.61Pivot: 94.95Support: 93.84Preferred Case:Prices are on bullish momentum and abiding to our ascending channel. Price is near pivot level of 94.95 in line with 50% Fibonacci retracement level. Hence, price might potentially bounce from this pivot level to the 1st resistance level of 100.61 which is also the graphical swing high […]
Type: Bullish ContinuationKey Levels:Resistance: 24.820Pivot: 24.335Support: 24.150Preferred Case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.335 in line 50% Fibonacci retracement towards our 1st resistance at 24.820 in line with 50% Fibonacci Retracement . Our bullish bias is further […]
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, having completed the correction at 1.1494, EURUSD is falling; it has already formed the descending structure with the short-term target at 1.1106 along with another correction to reach 1.1270. Possibly, the pair may rebound from this level and start a new decline […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1203; 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 1.1230 and then resume moving downwards to reach 1.0995. Another signal in favour of a further downtrend will be a […]
Oil prices extended their gains to more than 5% during trading on Tuesday, with Brent crude rising above $104, as fears of a possible supply disruption with the Russian invasion of Ukraine overshadowed talk of a coordinated global release of crude stocks to calm markets. Oil prices ended their trading, yesterday, with a rise of […]
Risk Sentiment Rebounds But For How Long?Equities markets appear to be fighting back this week as most indexes have made a move off the lows recorded late last week. The ongoing uncertainty around the Russian invasion of Ukraine means that traders are very much susceptible to two-way risks. With Ukraine so far managing to hold […]