Category: Technial Analysis

The rise in prices in the Eurozone once again surprised, primarily due to an increase in energy prices, but there are few qualitative positive changes. Core inflation, on the other hand, eased from 0.4% to 0.3%, indicating that a “second round” of inflationary effects, which could really make the ECB worry, has not emerged. The […]

OPEC In FocusThe first OPEC+ meeting of 2022 gets underway today. The group will decide on how to set its production levels for the coming months. Oil prices have been on a solid topside run recently with prices rallying over 40% since the December lows. So far, OPEC+ has stuck to its plan of maintaining […]

EURUSD continues rising; the risk attitude pushes the asset upwards. The major currency pair is strengthening in the middle of the week. The current quote for the instrument is 1.1288. Risk attitude in global financial markets is now pretty high – that deprives the “greenback” of the support it got used to and helps the […]

EURUSD, “Euro vs US Dollar” EURUSD is still growing with the short-term target at 1.1300. Later, the market may start a new correction to reach 1.1220 and then form one more ascending structure with the target at 1.1320. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the ascending wave at 1.3500, GBPUSD is still […]

• Dow Jones reversed from support zone • Likely to rise to resistance level 36400 Dow Jones index recently reversed up with the weekly Hammer from the support zone lying between the key support level 33425.00 (which has been reversing the index from the start of 2021) and the lower weekly Bollinger Band. This support zone […]

• Natural gas broke resistance zone • Likely to rise to resistance level 5.50 Natural gas recently broke the resistance zone lying between the key resistance level 4.500 (top of the previous impulse wave 1) and the 50% Fibonacci correction of the previous sharp downward impulse from November The breakout of this resistance zone accelerated the active […]

GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, after falling and reaching 61.8% fibo, GBPUSD is correcting upwards. If this correctional uptrend is transformed into a proper rising wave, the price may grow to break the local high at 1.3749 and then reach the key resistance at 1.3834. […]

GBPUSD took a break amid a series of increases; however, it is still looking great.  The British Pound paused its growth against the USD on Wednesday. The current quote for the instrument is 1.3533. The statistics published by the United Kingdom were reasonably positive. For example, the Mortgage Approvals showed 71K in December after being […]

CAD GDP Up NextThe release of Canadian GDP today will be closely watched following the recent BOC meeting. While the bank somewhat disappointed CAD bulls by holding off from any policy adjustments, it was firmly hawkish in its outlook. In terms of guidance, the BOC governor said that the bank expects to make several adjustments […]

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. However, this scenario may no […]