Category: Technial Analysis
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 […]
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Type: Bullish BounceKey Levels:Resistance: 15062Pivot: 14487Support: 13900Preferred Case:With price expected to reverse off the support of the ichimoku cloud, we are bias that price will rise from our pivot at 14487 in line with the 61.8% Fibonacci projection level and horizontal overlap support to 1st resistance at 15062 in line with the horizontal swing high […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1371; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1405 and then resume moving downwards to reach 1.1205. Another signal in favour of a further downtrend will be […]
BRENT As we can see in the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue moving upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if […]
Inflation in the US is at a 40-year high, but the Fed should be concerned not so much with the level of prices as with its structural persistence – the share of companies planning to raise prices has risen to a record level and continues to grow. It is becoming increasingly difficult to expect a […]
Type: Bullish ContinuationKey Levels:Resistance: 92.88Pivot: 88.82Support: 86.78Preferred Case:With price expected to reverse off the support of the Ichimoku cloud, we are bias that price will rise from our pivot at 88.82 in line with the 61.8% Fibonacci projection and 61.8 Fibonacci retracement level and horizontal overlap support to 1st resistance at 92.88 in line with […]
• EURGBP reversed from resistance zone • Likely to fall to support level 0.8320 EURGBP currency pair recently reversed down from the resistance zone lying between the key resistance level 0.8460 (former support from December), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from December. The downward reversal from this […]
SLP rose, ADA was bought by an unknown investor, while ETH remains attractive. The dynamics of events in the cryptocurrency sector remains quite high, and that makes investors respond and attracts new users. First of all, it’s SLP, which added 220% over the week. It happened after developers of Axie Infinity changed the rules […]