Category: Technial Analysis

PCE In FocusLooking ahead to today’s US session, the key data focus will be the release of US core PCE for January. Given the hawkish shift from the Fed and the run of strong data we’ve seen recently, the market is poised for another strong reading today. With USD currently trading higher on safe haven […]

Type: Bearish ContinuationKey Levels:Resistance: 14394.75Pivot: 13986.75Support: 13133.25Preferred Case:On the H4, we can see that price is moving along the descending channel . This is signifying bearish momentum. We are expecting price to fall from pivot at 13986.75 which is in line with our 61.8% fibonacci retracement and horizontal swing high resistance to 1st support at […]

The cryptocurrency market is slowly reaching stability after a recent stress. It’s clear that the negative triggers didn’t go anywhere but investors are feeling up to normalising the rates. The situation for Bitcoin has changed over the last 24 hours. The BTC rate improved after the changes to the geopolitical sentiment. The correlation between the […]

EURUSD, “Euro vs US Dollar” After completing the descending wave at 1.1106 along with the ascending impulse towards 1.1182, EURUSD has formed a new consolidation range around the latter level; right now, it is trading to break the range to the upside. Possibly, today the pair may grow to reach 1.1257 and then resume trading […]

Despite ongoing skirmishes in Ukraine, risk assets post some signs of relief as the worst-case scenario for the Russian sting operation in Ukraine has been averted. Russian stocks rebounded shortly after the opening, RTSI rebounded 28%, MOEX added 12%, however later market sentiment started to deteriorate.Investors were scared that the local conflict in Ukraine would […]

RBC Back In The GreenRoyal Bank of Canada reported Q4 earnings yesterday and stock-holders were pleased to see that the report bank came in above estimates, following the miss in Q3. RBC reported earnings per share of $2.23, above the $2.15 result the market was looking for. Revenues were also higher than expected at $9.493 […]

• Nikkei 225 reversed from support area • Likely to rise to resistance level 26875.00 Nikkei 225 index recently reversed up from the support area located between the key support level 26000.00 (which stopped the previous impulse wave (i) in January) and the lower daily Bollinger Band. The upward reversal from this support area created […]

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 […]