Category: Technial Analysis

• Gold reversed from support zone • Likely to rise to resistance level 1875.00 Gold recently reversed up from the support zone located between the key support level 1850.00 (previous resistance from January) and the 50% Fibonacci correction of the previous sharp upward impulse from last week. The upward reversal from this support zone continues […]

The crypto segment is reviving after a recent slump. The sector capitalisation has now reached $2 trillion. In the Top 10 most powerful cryptocurrencies, the most active are Avalanche, Solana, and Binance Coin. The BTC is slightly falling on Wednesday and mostly trading at $44,220. The global sentiment is positive – the US stock market […]

GBPUSD has been strengthening for the second consecutive trading session; the statistics support the pair.  The British Pound is still growing against the USD on Wednesday. The current quote for the instrument is 1.3569. According to the data published earlier today, the CPI in the United Kingdom showed 5.5% y/y in January against the expected […]

US Retail Sales Up NextUS retail sales will be the key data focus over today’s US session. On the back of better-than-expected jobs and inflation data for January, a strong reading today should help USD get back on track following a quieter couple of sessions. With risk sentiment rebounding amidst optimism that Russia/Ukraine tensions are […]

Canadian CPI In FocusThe release of Canadian CPI due later today puts the focus on the Canadian Dollar. With oil prices remaining at highs over January and with supply-side issues yet to be resolved, the market is looking for CAD CPI to rise across all metrics. Looking at the headline monthly reading, the market forecasts […]

GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, GBPUSD is consolidating around 38.2% fibo. This consolidation range may be followed by a new rising impulse. The mid-term upside targets may be 61.8% and 76.0% fibo at 1.3833 and 1.3987 respectively. The key support remains at the low at […]

EURUSD, “Euro vs US Dollar” EURUSD is consolidating around 1.1348. Today, the pair may grow with the short-term target at 1.1388. Later, the market may correct to return to 1.1348 and then form one more ascending structure towards 1.1416. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around 1.3520; it has already expanded […]

Daily Market Outlook, February 15, 2022 Overnight Headlines Japan’s Economy Rebounds During Lull Before Omicron Wave Analysts Say PBoC May Cut RRR, Interest Rates This Year – CSJ China Banks Boost Lending To Property Sector In January – CSJ Australia’s Central Bank Has Goals In Sight, Just Waiting On Wages CBA Brings Forward First RBA […]

Type: Bullish BounceKey Levels:Resistance: 45638.02Pivot: 41318.43Support: 39787.44Preferred Case:Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement towards 1st Resistance in line with 78.6% Fibonacci projection. Our bullish bias is further supported by the Ichimoku cloud indicator […]

EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1318; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1365 and then resume moving downwards to reach 1.1190. Another signal in favour of a further downtrend will be a […]