Category: Technial Analysis
Bitcoin Sentiment Shifting?The rally off the January lows in Bitcoin has seen the market advancing from around the 3280s to a recent test of the 45405 level. While the level is currently holding as resistance, the rally has certainly raised the prospect of a fresh bullish phase in Bitcoin. With this in mind, the current […]
• Bank of America reversed from resistance zone • Likely to fall to support level 44.00 Bank of America recently reversed down from the resistance zone located between the round level resistance 50.00 (top of wave B from January) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous […]
• NZDCAD reversed from resistance zone • Likely to fall to support level 0.8350 NZDCAD currency pair recently reversed down from the resistance zone located between the resistance level 0.8500 (former support from the start of January), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from December. The downward reversal […]
At the beginning of the new week of February, the world remains tense: investors are nervous and do not hurry to risk because they cannot quite understand the global situation. Everyone seems to be waiting for some signal. Users of NFT faced an unexpected problem: last year, via them and mobile apps frauds started spreading […]
GBPUSD is retreating early in the week; there will be a lot of interesting ahead. The British Pound is “losing weight” against the USD on Monday. The current quote for the instrument is 1.3511. This week, the United Kingdom is scheduled to release a lot of macroeconomic reports, from the labour market to prices. The […]
The release of the US Inflation Report for January this week once again drew markets’ attention to the problem of central banks not keeping up with the economic growth curve, expectations of households and firms. Despite a rather high expected level (7.3%), inflation again beat the forecast, triggering rumors that the Fed will have to […]
Gold prices were flat on Friday, slipping from a two-week peak reached on Thursday as expectations for a more aggressive Fed rate hike following a spike in US consumer prices firmed.The dollar index strengthened after data showed that US consumer prices rose significantly in January, posting the biggest annual gain in 40 years.The St. Louis […]
Type: Bullish BounceKey Levels:Resistance: 157.957Pivot: 156.626Support: 156.165Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 156.626 in line with 100% Fibonacci retracement and 23.6% Fibonacci retracement towards our 1st resistance at 157.957 in line with 100% Fibonacci retracement. Prices are […]
Daily Market Outlook, February 11, 2022 Overnight Headlines Fed Doesn’t Yet Favor A Half-Point Rate Hike Or An Emergency Move Fed’s Bullard Backs Supersized Hike, Seeks Full Point Increase By July 1 Fed’s Barkin: Have To Be Convinced Of Need For Half-Point Rate Hike Goldman Ups Fed Forecast To 7 Hikes This Year; Citi See […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed one more Hanging Man reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside correctional target may be at 1.1360. However, an alternative […]