Category: Technial Analysis
The British Pound is getting stronger in response to good labour market data. The British Pound is back to rising against the USD on Tuesday. The current quote for the instrument is 1.3547. Earlier today, the United Kingdom released a lot of numbers on its labour market. For example, the Unemployment Rate in December […]
USDJPY is rising on Tuesday; the asset is more volatile than usual. The Japanese yen is falling against the USD on Tuesday. The current quote for the instrument is 115,61. The pair has been more volatile than usual recently. The reason for this is a constant revaluation of external risks. According to the data published […]
Risk assets are climbing today on tentative optimism over Russia/Ukraine tensions. Reports that Ukraine is seeking emergency talks with Russia, alongside claims that Russia is still open to a diplomatic resolution, have raised hopes that a military conflict can be avoided. These hopes have been further strengthened by Russian headlines citing the return of some […]
Equities On The Up Over Russia-Ukraine HopesIt’s been a better start to the week for benchmark global equities indices with risk sentiment rebounding amidst hopes for diplomacy between Russia and Ukraine. Markets have been rattled recently by news of the ongoing build up of Russian forces on the border with Ukraine, along with a dizzying […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern not far from the resistance level, XAUUSD is reversing and may form a new correctional impulse. In this case, the downside target may be the support area at 1845.50. At the same time, an opposite […]
Type: Bearish DownsideKey Levels:Resistance: 1862.5 Pivot: 1854.2 Support: 1831.4Preferred Case:Prices are on bearish momentum and abiding to our daily descending trendline. We see the potential for bearish downside from our Pivot at 1854.2 in line with 161.8% Fibonacci projection towards our 1st support at 1831.4 in line with 38.2% Fibonacci retracement and 161.8% Fibonacci projection. […]
Daily Market Outlook, February 14, 2022 Overnight Headlines ECB Overreaction On Prices Could Stymie Growth, Rehn Warns Irish Central Bank Chief Damps Down ‘Unrealistic’ June Rate Rise Talk Italy’s Debt Load Decreased More Than Expected, Visco Says Ukraine Tension Reins In Euro, Lifts Dollar And Safe-Havens Hedge Funds Supercharge Aussie Shorts As RBA Splits With […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is trading at 115.42; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 115.10 and then resume moving upwards to reach 116.70. Another signal in favour of a further uptrend will […]
EURUSD, “Euro vs US Dollar” In the H4 chart, after leaving the consolidation range and breaking 2/8, EURUSD is trading below it. In this case, the price is expected to test 1/8, break it, and then continue falling to reach the support at 0/8. Still, this scenario may no longer be valid if the price […]
Gold prices fell today, Monday, in spot transactions, abandoning the highest level it reached in 3 months, which was recorded in the previous session. The decline in the yellow metal is strongly influenced by the dollar and bond yields, although losses were limited; Increasing tensions surrounding Ukraine have supported the demand for safe haven. Gold […]