Category: Technial Analysis
Credit Suisse Lower Pre-MarketShares in Credit Suisse are trading lower pre-market as traders react to news breaking today regarding leaked information on the bank’s involvement with criminals. A whistle-blower leaked information to several big media outlets regarding the bank’s current and historical client dealings with individuals and groups linked to drug trafficking, human trafficking, bribery […]
Type: Bullish ContinuationKey Levels: Resistance: 14612.50Pivot: 14144.75Support: 13851.50Preferred Case:Price is near pivot level of 14144.75 in line with 38.2% Fibonacci retracement. Price can potentially continue its uptrend to 1st resistance level of 14612.50 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it shows […]
• Brent reversed from support area • Likely to rise to resistance level 95.25 Brent crude oil recently reversed up from the combined support area located between the round support level 90.00 (former resistance from the end of January), 20-day moving average and the 50% Fibonacci correction of the previous impulse wave (v) from last […]
• EURCHF broke support area • Likely to fall to support level 1.0320. EURCHF currency pair recently broke the support area located between the key support level 1.0430 (former top of wave A from the end of January) and the 50% Fibonacci correction of the previous ABC correction (4). The breakout of this support area […]
The crypto market is gloomy, or at least its largest part is. The leading cryptocurrency — BTC — is being dragged down by the generally tough situation. The BTC is known to have a strong correlation with the NASDAQ index. The US stock market is selling and avoiding risks, equally reacting to geopolitical problems and […]
EURUSD is consolidating at the beginning of a new week. The major currency pair is looking neutral on Monday. The current quote for the instrument is 1.1357. Market players are obviously saving their strengths while watching the global market – politicians are making too many moves. It means that the demand for “safe haven” assets […]
Financial markets will start next week with a reassessment of geopolitical risks, probably pricing in further aggravation of the situation in Ukraine and a new round of involvement of world powers in this conflict. This was facilitated by the message on Friday that the self-proclaimed republics of the DPR and LPR began the evacuation of […]
During a discussion at Columbia University, the head of the St. Louis FRB, James Bullard, warned that without urgent action to raise interest rates, inflation could worsen further, writes CNBC.“Now we are at greater risk than ever; inflation could get out of hand,” he said, calling for a full percentage point rate hike by July.According […]
Type: Bearish ReversalKey Levels:Resistance: 96.092Pivot: 95.944Support: 95.648Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 95.944 in line with 38.2% Fibonacci retracement towards our 1st support at 95.648 in line with 61.8% Fibonacci extension. RSI is showing bearish momentum.Alternative Scenario:Alternatively, prices […]
Looking To BreakoutThe New Zealand Dollar has been one of the best performers this week as a hawkish shift in RBNZ expectations is helping support NZD. Given the heavily bearish sentiment we’d seen up until the last week, there is plenty of position covering going on which is helping drive NZD higher here.One chart which […]