Category: Technial Analysis
EURUSD, “Euro vs US Dollar” Having completed another ascending structure at 1.1492, EURUSD is correcting downwards to reach 1.1376 and may later consolidate there. If the price breaks the range to the upside, the market may form one more ascending structure towards 1.1404; if to the downside – resume trading downwards with the short-term target […]
Bulgaria is looking to join forces with Greece, Serbia and North Macedonia to create a single gas market, in order to improve diversification of natural gas supplies, in light of the rise in European gas prices to record levels. Southeast European countries have historically relied on imports of Russian natural gas, but can also receive […]
Canadian oil exports from the US Gulf Coast hit a record high in 2021, as global demand grows and markets need heavy crude. Canadian companies exports averaged more than 180,000 barrels a day last year, reaching about 300,000 barrels a day in December, according to Matt Smith, chief oil analyst for the Americas at data […]
Type: Bearish DownsideKey Levels:Resistance: 1836.9Pivot: 1829.7Support: 1815.3Preferred Case:Prices are approaching a strong graphical overlap resistance at our Pivot. We see the potential for bearish downside from our Pivot at 1829.7 in line with 38.2% Fibonacci retracement towards our 1st support at 1815.3 in line with 50% Fibonacci retracement and 50% Fibonacci retracement. Our bearish bias […]
Credit AgricoleAsia overnightRisk-off trading dominated the Asian session as the higher-than-expected US inflation reading and hawkish rhetoric from the FOMC’s James Bullard ramped up market expectations of a more front-loaded rate hiking cycle. UST 10Y yields retreated only modestly from their high of 2.05% and remain above 2%. A majority of Asian bourses and S&P500 […]
• Brent reversed from support zone • Likely to rise to resistance level 93.35 Brent recently reversed up from the support area located between the key support level 90.00 (former resistance from January), 38.2% Fibonacci correction of the upward impulse (i) from January and the support trendline of the daily up channel from December. The […]
• Platinum reversed from resistance zone • Likely to fall to support level 1000.00 Platinum recently reversed down from the resistance zone lying between the pivotal resistance level 1055.00 (which has been reversing the price from last month), upper daily Bollinger Band, 200-day moving average and the 61.8% Fibonacci correction of the downward impulse from […]
GBPUSD remained volatile and got under pressure on Friday. The British Pound is falling against the USD on Friday. The current quote for the instrument is 1.3552. The United Kingdom released a lot of macroeconomic reports today and investors had no choice but respond. The British GDP in December 2021 dropped 0.2% m/m after adding […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD has completed the first correctional wave to the upside after testing 23.6% fibo. The current decline may be heading to break the low at 0.6967 and then continue down to 50.0% fibo at 0.6758. However, as long as the price […]
USD Ending the Week HigherThe US Dollar is trading on a better footing into the end of this week following a further lift from the US January CPI reading yesterday. Headline inflation was seen rising 0.6% on the month, better than the prior month’s 0.5% reading and the expected 0.4% reading the market was looking […]