Category: Technial Analysis
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading above it to indicate a possible ascending tendency. In this case, the price is expected to test the resistance at 3/8, break it, and then continue growing to reach 4/8. Still, this scenario […]
The Russian Ministry of Finance and the Central Bank are unable to reach an agreement on how to cope with the rise of cryptocurrency. Despite the central bank’s worries, Russia’s finance ministry is sticking to its intentions to deploy Bitcoin technology. The debate between the Ministry of Finance and the Bank of Russia heated up […]
Gold prices fell today, Monday, after hitting their highest level in more than 8 months, at the beginning of the week’s trading. The plan of the US and Russian presidents to hold a summit on the Ukraine crisis led to a decline in the demand for safe haven, while looming further increases in federal interest […]
EUR Bid On Better DataThe Euro is catching a bid this morning following the release of the latest preliminary PMI data sets for February. The eurozone manufacturing PMI was seen dipping slightly to 58.4 from the prior month’s 58.7, in contrast to the 58.9 reading expected. However, despite the weakness in manufacturing, which was largely […]
Type: Bearish ContinuationKey Levels:Resistance: 153’30Pivot: 1513’15Support: 151’07Preferred Case:Price is trading in a descending channel and near pivot level of 153’15 in line with 50% Fibonacci retracement and 127.2% Fibonacci projection. Price can potentially dip to the 1st support level of 151’07 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, the asset is testing the mid-term 61.8% fibo at 1908.00. Possibly, the pair may rebound and form a slight pullback, which may later be followed by a further uptrend. The next upside target is 76.0% fibo at 1969.00. The H1 chart shows […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1366; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1380 and then resume moving downwards to reach 1.1180. Another signal in favour of a further downtrend will be […]
Oil prices fell, today, Monday, after beginning the week’s trading earlier in the session on a rise. The markets are in a state of volatility, with investors looking for contradictory scenarios to tighten Russian energy supplies due to the Ukrainian crisis, and more crude oil entering the market amid indications of a possible nuclear agreement […]
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 […]