Category: Technial Analysis
Type: Bullish ContinuationKey Levels:Resistance: 163’18Pivot: 159’16Support: 157’24Preferred Case: Price has recently broken out of the descending trendline and at pivot level of 159’16 in line with 23.6% Fibonacci retracement. Price can potentially continue its rally to the 1st resistance level of 163’18 which is also the graphical overlap resistance. Our bullish bias is supported by […]
BTC remains under pressure but there is no panic or extra emotions. The connection might be the following: after the US published solid February data on its labour market, investors decided that the American economy was so strong that it might easily “survive” several rate hikes. However, one should pay attention to a small detail: […]
EURUSD continues falling and has already updated the lows of May 2020. The major currency pair continues plummeting. The current quote for the instrument is 1.0871. The demand for the USD as a “safe haven” asset in the currency market remains high. Moreover, the statistics published last Friday gave the “greenback” a significant boost. For […]
Ukraine Crisis Driving Defence Stocks HigherWithdefence stocks soaring amidst the violence in Ukraine and the uncertainty andfear spiralling out of that crisis, Lockheed Martin’s stock price has hitfresh, all-time highs. Lockheed is one of the leading, global aerospace anddefence companies. Given the massive uptick in global arms buying we are seeingas a result of Russia’s […]
It’s been a strong start to the week for metals markets with gold prices breaking out to fresh highs on soaring safe haven demand. Risk sentiment has taken another leg lower this week as traders digest the developments over the weekend with regard to the main geo-political driver currently; the crisis in Ukraine.The intensification of […]
• GBPCHF reversed from support area• Likely to rise to resistance level 1.2280 GBPCHF currency pair recently reversed up from the support area located between the multi-month support level 1.2135 (previous monthly low from October) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous impulse waves 5 and […]
• CADCHF reversed from support area• Likely to rise to resistance level 0.7300 CADCHF continues to rise after the earlier reversal from the support area located between the key support level 0.7200, lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward wave 2 from December. The upward reversal from this support […]
The mood that will likely prevail in the financial markets at the beginning of next week will certainly depend on the outcome of the Russian-Ukrainian negotiations, which are taking place this weekend. The markets have been waiting for de-escalation, but it is difficult for the parties to give in – Ukraine still hopes for Western […]
Type: Bullish ContinuationKey Levels:Resistance: 793’6Pivot: 719’4Support: 659’0Preferred Case:On the H4 chart, price is near our pivot of 719’4 in line with horizontal overlap support and 50% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 760’0 in line with the 161.8% Fibonacci extension . Our bullish bias is supported by how […]
Type: Bullish ContinuationKey Levels:Resistance: 1747’2Pivot: 1656’0Support: 1625’6Preferred Case:On the H4 chart, price is near our pivot of 1656’0 in line with horizontal overlap support and 38.2% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 1747’2 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement . Our bullish […]