Category: Technial Analysis
• Gold broke key resistance level 1875.00 • Likely to rise to resistance level 1920.00 Gold continues to rise after the earlier breakout of the key resistance level 1875.00, which was set as the likely upward target in earlier forecast of this instrument. The breakout of the resistance level 1875.00 should accelerate the active short-term […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after rebounding from the “overbought area”, USDCHF is trading below 7/8. In this case, the price is expected to continue falling to reach the support at 5/8. However, this scenario may be cancelled if the price breaks 8/8 to the upside. After that, the instrument […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern not far from the support level, XAUUSD is reversing in the form a new rising impulse. In this case, the upside target may be the resistance area at 1885.00. At the same time, an opposite scenario […]
Gold prices rose in trading on Thursday, after news of the return of tensions between Russia and Ukraine, in the wake of a Russian report that mortar shells were fired in eastern Ukraine, prompting investors to resort to safe assets. Yesterday, Wednesday, gold prices ended up by about $15, with the dollar and US stocks […]
Reports of ceasefire violations in the disputed territories of Ukraine and the lack of reliable data that Moscow has withdrawn troops from the border does not fully eliminate the geopolitical premium in risk assets and apparently offers some support for the dollar and defensive assets. A quick diplomatic resolution to tensions now looks unlikely, adding […]
Dropbox Earnings Up NextUS tech company Dropbox is due to report earnings later today. The company’s shares have been languishing over recent months, following the decline seen across November/December last year. Price has been stuck in a tight block of consolidation between the 22.75 level and 25.46 level, underpinned also by the near channel low. […]
• Citibank falling inside impulse wave 3 • Likely to reach support level 64.68 Citibank continues to fall inside the impulse wave 3, which started earlier from the key resistance level 68.00 (which has been reversing the price from November), intersecting with the 50% Fibonacci correction of the previous downtrend from June. The active impulse […]
• EURGBP broke support level 0.8350 • Likely to fall to support level 0.8285 EURGBP currency pair recently broke the key support level 0.8350 (low of the previous wave A), intersecting with the 61.8% Fibonacci correction of the previous wave (1). The breakout of the resistance level 0.8350 should accelerate the active short-term ABC correction […]
The major currency pair is falling a bit on Thursday after rising the day before. EURUSD is slightly retreating on Thursday after adding some weight in the middle of the week. The current quote for the instrument is 1.1360. The Retail Sales in the US added 3.8% m/m in January after losing 2.5% m/m […]
EURUSD, “Euro vs US Dollar” Having completed the ascending wave at 1.1394 along with the descending structure towards 1.1324, EURUSD is expected to consolidate between these two levels. If the price breaks this range to the downside, the market may continue the correction to reach 1.1255; if to the upside – resume trading within the […]